Northwestern Mutual Wealth Management Co. Raises Position in iShares Morningstar Mid-Cap Growth ETF $IMCG

Northwestern Mutual Wealth Management Co. lifted its stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 256.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,873,288 shares of the company’s stock after buying an additional 2,068,305 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 7.39% of iShares Morningstar Mid-Cap Growth ETF worth $229,403,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of IMCG. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the fourth quarter worth about $29,000. Dagco Inc. purchased a new position in iShares Morningstar Mid-Cap Growth ETF in the fourth quarter valued at about $30,000. Windsor Advisory Group LLC purchased a new position in iShares Morningstar Mid-Cap Growth ETF in the third quarter valued at about $31,000. Fifth Third Bancorp purchased a new position in iShares Morningstar Mid-Cap Growth ETF in the third quarter valued at about $37,000. Finally, Richards Merrill & Peterson Inc. purchased a new position in iShares Morningstar Mid-Cap Growth ETF in the fourth quarter valued at about $41,000.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

Shares of IMCG opened at $89.33 on Friday. The company has a market capitalization of $3.54 billion, a P/E ratio of 28.77 and a beta of 1.13. iShares Morningstar Mid-Cap Growth ETF has a one year low of $75.43 and a one year high of $91.27. The stock has a 50-day moving average price of $83.84 and a 200 day moving average price of $82.49.

iShares Morningstar Mid-Cap Growth ETF 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.