Brookwood Investment Group LLC Buys New Stake in iShares Morningstar Mid-Cap Growth ETF $IMCG

Brookwood Investment Group LLC acquired a new stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,638 shares of the company’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds also recently modified their holdings of IMCG. LPL Financial LLC lifted 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 stake in iShares Morningstar Mid-Cap Growth ETF by 31.2% during the 1st 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. Elevation Capital Advisory LLC acquired a new position in iShares Morningstar Mid-Cap Growth ETF in the 1st quarter worth $8,733,000. PTM Wealth Management LLC purchased a new position in iShares Morningstar Mid-Cap Growth ETF in the 1st quarter valued at about $7,588,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in iShares Morningstar Mid-Cap Growth ETF by 13.9% in the 1st 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.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

Shares of NYSEARCA IMCG opened at $82.24 on Thursday. iShares Morningstar Mid-Cap Growth ETF has a 1 year low of $61.65 and a 1 year high of $83.76. The stock’s 50-day simple moving average is $82.30 and its 200-day simple moving average is $79.28. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 28.77 and a beta of 1.12.

About iShares Morningstar Mid-Cap Growth ETF

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.