Ridgewood Investments LLC Lowers Stock Position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Ridgewood Investments LLC cut its stake in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 3.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 9,370 shares of the company’s stock after selling 346 shares during the period. Ridgewood Investments LLC’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $708,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in IMCG. Eagle Strategies LLC raised its position in iShares Morningstar Mid-Cap Growth ETF by 391.0% during the second quarter. Eagle Strategies LLC now owns 109,301 shares of the company’s stock worth $7,405,000 after acquiring an additional 87,040 shares during the period. Nwam LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the third quarter valued at about $3,773,000. Envestnet Asset Management Inc. grew its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 20.4% in the second quarter. Envestnet Asset Management Inc. now owns 221,629 shares of the company’s stock valued at $15,015,000 after purchasing an additional 37,486 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 286.8% in the third quarter. Thrivent Financial for Lutherans now owns 41,656 shares of the company’s stock valued at $3,040,000 after purchasing an additional 30,888 shares during the period. Finally, Sigma Planning Corp grew its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 33.3% in the third quarter. Sigma Planning Corp now owns 118,654 shares of the company’s stock valued at $8,658,000 after purchasing an additional 29,619 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Price Performance

Shares of IMCG traded down $1.37 during mid-day trading on Friday, reaching $75.20. The stock had a trading volume of 64,375 shares, compared to its average volume of 160,793. iShares Morningstar Mid-Cap Growth ETF has a 52-week low of $62.24 and a 52-week high of $81.68. The business’s fifty day moving average is $77.91 and its 200 day moving average is $72.96. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 27.60 and a beta of 1.13.

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.