Valley National Advisers Inc. Buys 40,916 Shares of iShares Morningstar Mid-Cap Growth ETF $IMCG

Valley National Advisers Inc. purchased a new position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 40,916 shares of the company’s stock, valued at approximately $3,842,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IMCG. Unified Investment Management lifted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 3.3% in the first quarter. Unified Investment Management now owns 4,285 shares of the company’s stock worth $338,000 after buying an additional 135 shares in the last quarter. LongView Wealth Management boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 3.5% during the third quarter. LongView Wealth Management now owns 4,213 shares of the company’s stock valued at $396,000 after buying an additional 142 shares during the last quarter. Fermata Advisors LLC boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 2.7% during the second quarter. Fermata Advisors LLC now owns 5,524 shares of the company’s stock valued at $543,000 after buying an additional 146 shares during the last quarter. World Investment Advisors boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 2.4% during the first quarter. World Investment Advisors now owns 9,149 shares of the company’s stock valued at $721,000 after buying an additional 215 shares during the last quarter. Finally, Maripau Wealth Management LLC grew its holdings in iShares Morningstar Mid-Cap Growth ETF by 3.4% during the 1st quarter. Maripau Wealth Management LLC now owns 6,614 shares of the company’s stock valued at $521,000 after buying an additional 219 shares in the last quarter.

iShares Morningstar Mid-Cap Growth ETF Price Performance

NYSEARCA IMCG opened at $93.39 on Friday. iShares Morningstar Mid-Cap Growth ETF has a 1-year low of $75.67 and a 1-year high of $100.79. The business has a 50 day simple moving average of $95.73 and a two-hundred day simple moving average of $93.94. The stock has a market capitalization of $4.02 billion, a PE ratio of 28.77 and a beta of 1.13.

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.