Beam Wealth Advisors Inc. Acquires 8,277 Shares of iShares Morningstar Mid-Cap Growth ETF $IMCG

Beam Wealth Advisors Inc. boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 26.4% in the third quarter, Holdings Channel.com reports. The fund owned 39,687 shares of the company’s stock after buying an additional 8,277 shares during the quarter. Beam Wealth Advisors Inc.’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $3,283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 29.3% during the second quarter. Russell Investments Group Ltd. now owns 613 shares of the company’s stock worth $49,000 after purchasing an additional 139 shares in the last quarter. Willner & Heller LLC raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 1.4% in the third quarter. Willner & Heller LLC now owns 10,054 shares of the company’s stock valued at $832,000 after purchasing an additional 140 shares during the last quarter. BlueChip Wealth Advisors LLC boosted its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 2.7% during the 2nd quarter. BlueChip Wealth Advisors LLC now owns 5,689 shares of the company’s stock worth $456,000 after buying an additional 150 shares during the last quarter. McAdam LLC raised its position in iShares Morningstar Mid-Cap Growth ETF by 0.8% during the third quarter. McAdam LLC now owns 19,715 shares of the company’s stock worth $1,631,000 after acquiring an additional 152 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in iShares Morningstar Mid-Cap Growth ETF by 2.1% in the third quarter. Park Avenue Securities LLC now owns 7,596 shares of the company’s stock valued at $628,000 after acquiring an additional 153 shares during the last quarter.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

Shares of IMCG stock opened at $82.03 on Wednesday. iShares Morningstar Mid-Cap Growth ETF has a 52-week low of $61.65 and a 52-week high of $83.91. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 28.77 and a beta of 1.12. The firm’s 50-day moving average is $81.69 and its 200-day moving average is $81.66.

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.