Rodgers & Associates LTD Decreases Stock Position in iShares Morningstar Mid-Cap Growth ETF $IMCG

Rodgers & Associates LTD decreased its holdings in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 3.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 236,684 shares of the company’s stock after selling 7,624 shares during the period. iShares Morningstar Mid-Cap Growth ETF makes up approximately 1.7% of Rodgers & Associates LTD’s investment portfolio, making the stock its 19th largest holding. Rodgers & Associates LTD’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $23,266,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IMCG. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares Morningstar Mid-Cap Growth ETF by 256.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,873,288 shares of the company’s stock valued at $229,403,000 after purchasing an additional 2,068,305 shares during the last quarter. Baer Investment Advisory LLC acquired a new position in iShares Morningstar Mid-Cap Growth ETF during the 1st quarter valued at approximately $34,027,000. Arax Advisory Partners purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the fourth quarter worth $21,808,000. Beam Wealth Advisors Inc. raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 530.1% in the first quarter. Beam Wealth Advisors Inc. now owns 260,379 shares of the company’s stock worth $20,510,000 after buying an additional 219,053 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 7.0% during the fourth quarter. LPL Financial LLC now owns 2,448,326 shares of the company’s stock worth $195,474,000 after buying an additional 160,038 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Price Performance

Shares of IMCG opened at $95.39 on Thursday. The firm has a market capitalization of $3.93 billion, a PE ratio of 28.77 and a beta of 1.13. iShares Morningstar Mid-Cap Growth ETF has a 1-year low of $75.67 and a 1-year high of $100.79. The company’s fifty day moving average price is $97.19 and its 200-day moving average price is $90.44.

iShares Morningstar Mid-Cap Growth ETF Company Profile

The iShares Morningstar Mid-Cap Growth ETF (IMCG) is an exchange-traded fund that is based on the Morningstar US Mid Cap Broad Growth index. The fund tracks a market cap-weighted index of US mid-cap stocks companies selected based on their growth characteristics. IMCG was launched on Jun 28, 2004 and is managed by BlackRock.