Tandem Financial LLC Takes Position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Tandem Financial LLC purchased a new position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 65,601 shares of the company’s stock, valued at approximately $4,955,000. iShares Morningstar Mid-Cap Growth ETF comprises about 5.3% of Tandem Financial LLC’s holdings, making the stock its 6th largest holding. Tandem Financial LLC owned about 0.23% of iShares Morningstar Mid-Cap Growth ETF at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 7,477.8% during the 4th quarter. Strategic Financial Concepts LLC now owns 242,718 shares of the company’s stock valued at $18,332,000 after purchasing an additional 239,515 shares during the period. Leo Wealth LLC raised its position in iShares Morningstar Mid-Cap Growth ETF by 2.9% in the fourth quarter. Leo Wealth LLC now owns 38,388 shares of the company’s stock worth $2,899,000 after acquiring an additional 1,085 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the fourth quarter valued at $205,000. Silverlake Wealth Management LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the 4th quarter valued at $219,000. Finally, PFS Partners LLC lifted its stake in iShares Morningstar Mid-Cap Growth ETF by 1.4% during the fourth quarter. PFS Partners LLC now owns 93,643 shares of the company’s stock valued at $7,073,000 after buying an additional 1,301 shares in the last quarter.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.1 %

IMCG opened at $79.99 on Friday. iShares Morningstar Mid-Cap Growth ETF has a 12-month low of $64.17 and a 12-month high of $81.68. The firm has a market capitalization of $2.31 billion, a P/E ratio of 27.60 and a beta of 1.13. The stock has a fifty day moving average of $78.24 and a 200-day moving average of $74.38.

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.