Tandem Financial LLC Trims Stock Position in iShares Morningstar Mid-Cap Growth ETF $IMCG

Tandem Financial LLC cut its holdings in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 30.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,401 shares of the company’s stock after selling 28,816 shares during the period. iShares Morningstar Mid-Cap Growth ETF makes up approximately 4.8% of Tandem Financial LLC’s investment portfolio, making the stock its 7th largest holding. Tandem Financial LLC owned 0.17% of iShares Morningstar Mid-Cap Growth ETF worth $4,940,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allegheny Financial Group lifted its holdings in iShares Morningstar Mid-Cap Growth ETF by 17.0% during the third quarter. Allegheny Financial Group now owns 149,820 shares of the company’s stock worth $12,395,000 after acquiring an additional 21,765 shares in the last quarter. Eagle Strategies LLC lifted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 8.5% in the fourth quarter. Eagle Strategies LLC now owns 150,387 shares of the company’s stock valued at $12,007,000 after purchasing an additional 11,806 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 2.0% in the third quarter. Cornerstone Planning Group LLC now owns 361,000 shares of the company’s stock valued at $29,432,000 after purchasing an additional 6,914 shares in the last quarter. Leo Wealth LLC bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the fourth quarter valued at about $2,863,000. Finally, Marino Stram & Associates LLC lifted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 11.3% in the fourth quarter. Marino Stram & Associates LLC now owns 63,437 shares of the company’s stock valued at $5,065,000 after purchasing an additional 6,435 shares in the last quarter.

iShares Morningstar Mid-Cap Growth ETF Price Performance

Shares of iShares Morningstar Mid-Cap Growth ETF stock opened at $94.32 on Tuesday. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 28.77 and a beta of 1.13. The stock’s 50-day moving average is $86.16 and its 200-day moving average is $83.22. iShares Morningstar Mid-Cap Growth ETF has a one year low of $75.67 and a one year high of $94.67.

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.