Sigma Planning Corp Grows Position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Sigma Planning Corp increased its position in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 11.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 131,788 shares of the company’s stock after buying an additional 13,134 shares during the quarter. Sigma Planning Corp’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $9,954,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in IMCG. Rosenberg Matthew Hamilton purchased a new position in iShares Morningstar Mid-Cap Growth ETF during the 4th quarter worth approximately $34,000. Concord Wealth Partners purchased a new position in iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth approximately $75,000. Blue Trust Inc. purchased a new position in iShares Morningstar Mid-Cap Growth ETF during the 4th quarter worth approximately $82,000. Tanglewood Legacy Advisors LLC purchased a new position in iShares Morningstar Mid-Cap Growth ETF during the 4th quarter worth approximately $158,000. Finally, Pinnacle Bancorp Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at approximately $170,000.

iShares Morningstar Mid-Cap Growth ETF Trading Down 2.4 %

Shares of IMCG stock opened at $76.80 on Friday. The business’s 50 day moving average is $78.00 and its two-hundred day moving average is $75.23. iShares Morningstar Mid-Cap Growth ETF has a twelve month low of $64.17 and a twelve month high of $81.68. The company has a market capitalization of $2.22 billion, a P/E ratio of 27.60 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.