Commonwealth Equity Services LLC Makes New $51.48 Million Investment in iShares Morningstar Mid-Cap Growth ETF $IMCG

Commonwealth Equity Services LLC acquired a new position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) in the third quarter, HoldingsChannel.com reports. The fund acquired 548,314 shares of the company’s stock, valued at approximately $51,481,000.

Other large investors have also modified their holdings of the company. Compass Financial Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth about $42,000. Oakworth Capital Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter valued at about $39,000. Richards Merrill & Peterson Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter valued at about $48,000. Triumph Capital Management acquired a new position in iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter worth about $95,000. Finally, Foresight Capital Management Advisors Inc. acquired a new position in iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter worth about $168,000.

iShares Morningstar Mid-Cap Growth ETF Trading Up 0.5%

Shares of IMCG stock opened at $90.18 on Friday. The company has a market capitalization of $3.90 billion, a P/E ratio of 28.77 and a beta of 1.13. The business’s 50 day moving average is $94.81 and its two-hundred day moving average is $90.77. iShares Morningstar Mid-Cap Growth ETF has a 12-month low of $75.67 and a 12-month high of $100.79.

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.