MidAtlantic Capital Management Inc. Takes $522,000 Position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

MidAtlantic Capital Management Inc. purchased a new stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,155 shares of the company’s stock, valued at approximately $522,000.

Other institutional investors also recently modified their holdings of the company. Concord Wealth Partners bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the third quarter valued at about $75,000. M&R Capital Management Inc. raised its holdings 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 acquiring an additional 594 shares in the last quarter. Beacon Capital Management LLC bought a new stake in iShares Morningstar Mid-Cap Growth ETF during the first quarter worth about $109,000. Strategic Financial Concepts LLC raised its holdings in iShares Morningstar Mid-Cap Growth ETF by 6,375.5% during the second quarter. Strategic Financial Concepts LLC now owns 218,613 shares of the company’s stock worth $148,000 after acquiring an additional 215,237 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in iShares Morningstar Mid-Cap Growth ETF during the second quarter worth about $174,000.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

IMCG opened at $76.66 on Monday. iShares Morningstar Mid-Cap Growth ETF has a 52-week low of $58.23 and a 52-week high of $78.97. The firm has a market capitalization of $2.22 billion, a PE ratio of 27.60 and a beta of 1.13. The business’s 50-day simple moving average is $73.55 and its 200 day simple moving average is $70.24.

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.