iShares Morningstar Mid-Cap Growth ETF $IMCG Shares Sold by Merit Financial Group LLC

Merit Financial Group LLC cut its stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 2.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,249 shares of the company’s stock after selling 1,361 shares during the period. Merit Financial Group LLC owned about 0.14% of iShares Morningstar Mid-Cap Growth ETF worth $3,871,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. LPL Financial LLC increased its position in shares of iShares Morningstar Mid-Cap Growth ETF by 69.1% during the first quarter. LPL Financial LLC now owns 2,011,284 shares of the company’s stock worth $143,666,000 after purchasing an additional 821,692 shares in the last quarter. Ameriprise Financial Inc. increased its position in iShares Morningstar Mid-Cap Growth ETF by 31.2% during the first quarter. Ameriprise Financial Inc. now owns 1,828,545 shares of the company’s stock worth $130,649,000 after buying an additional 434,630 shares during the period. Raymond James Financial Inc. increased its position in iShares Morningstar Mid-Cap Growth ETF by 4.3% during the first quarter. Raymond James Financial Inc. now owns 942,937 shares of the company’s stock worth $67,354,000 after buying an additional 39,160 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in iShares Morningstar Mid-Cap Growth ETF by 13.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 726,769 shares of the company’s stock valued at $51,913,000 after buying an additional 88,738 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 3.6% in the second quarter. Avior Wealth Management LLC now owns 635,237 shares of the company’s stock valued at $50,965,000 after acquiring an additional 22,204 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Trading Up 0.4%

Shares of IMCG opened at $83.28 on Tuesday. The company’s 50 day simple moving average is $81.80 and its 200-day simple moving average is $77.72. The firm has a market cap of $3.22 billion, a PE ratio of 28.77 and a beta of 1.08. iShares Morningstar Mid-Cap Growth ETF has a 12-month low of $61.65 and a 12-month high of $83.66.

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.