Arax Advisory Partners Takes $21.81 Million Position in iShares Morningstar Mid-Cap Growth ETF $IMCG

Arax Advisory Partners purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) in the 4th quarter, Holdings Channel reports. The fund purchased 273,141 shares of the company’s stock, valued at approximately $21,808,000.

Other institutional investors have also modified their holdings of the company. Godfrey Financial Associates Inc. bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth about $25,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth about $29,000. Dagco Inc. bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth about $30,000. Windsor Advisory Group LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the third quarter worth about $31,000. Finally, Fifth Third Bancorp bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the third quarter worth about $37,000.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

iShares Morningstar Mid-Cap Growth ETF stock opened at $94.57 on Friday. The company has a 50-day simple moving average of $88.91 and a 200-day simple moving average of $84.12. The firm has a market capitalization of $3.74 billion, a P/E ratio of 28.77 and a beta of 1.14. iShares Morningstar Mid-Cap Growth ETF has a one year low of $75.67 and a one year high of $96.49.

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.