Asset Allocation Strategies LLC Reduces Stock Position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Asset Allocation Strategies LLC lessened its stake in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 28.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,656 shares of the company’s stock after selling 8,127 shares during the quarter. Asset Allocation Strategies LLC’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $1,507,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of IMCG. Concord Wealth Partners bought a new position in iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter valued at $75,000. M&R Capital Management Inc. grew its position in iShares Morningstar Mid-Cap Growth ETF by 119.3% during the third quarter. M&R Capital Management Inc. now owns 1,092 shares of the company’s stock worth $80,000 after buying an additional 594 shares in the last quarter. Ellis Investment Partners LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the third quarter worth approximately $202,000. Foundations Investment Advisors LLC purchased a new stake in iShares Morningstar Mid-Cap Growth ETF in the third quarter valued at approximately $207,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in iShares Morningstar Mid-Cap Growth ETF in the 1st quarter worth approximately $209,000.

iShares Morningstar Mid-Cap Growth ETF Price Performance

Shares of NYSEARCA:IMCG opened at $79.56 on Wednesday. The company’s fifty day moving average price is $76.38 and its 200-day moving average price is $71.58. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 27.60 and a beta of 1.13. iShares Morningstar Mid-Cap Growth ETF has a one year low of $60.90 and a one year high of $81.68.

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.