Verde Capital Management Raises Stock Holdings in iShares Morningstar Mid-Cap Growth ETF $IMCG

Verde Capital Management increased its position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 11.0% in the first quarter, HoldingsChannel.com reports. The fund owned 77,518 shares of the company’s stock after buying an additional 7,664 shares during the period. iShares Morningstar Mid-Cap Growth ETF comprises approximately 1.3% of Verde Capital Management’s investment portfolio, making the stock its 14th biggest holding. Verde Capital Management’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $6,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OxenFree Capital LLC grew its stake in iShares Morningstar Mid-Cap Growth ETF by 20.3% during the 1st quarter. OxenFree Capital LLC now owns 110,463 shares of the company’s stock valued at $9,429,000 after purchasing an additional 18,625 shares during the last quarter. Allegheny Financial Group increased its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 36.2% in the first quarter. Allegheny Financial Group now owns 220,414 shares of the company’s stock valued at $17,362,000 after purchasing an additional 58,639 shares during the period. Nations Financial Group Inc. IA ADV raised its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 6.9% in the first quarter. Nations Financial Group Inc. IA ADV now owns 138,725 shares of the company’s stock worth $10,927,000 after purchasing an additional 8,898 shares during the last quarter. World Investment Advisors purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the fourth quarter worth about $713,000. Finally, Monetary Solutions Ltd acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth about $322,000.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.5%

Shares of NYSEARCA IMCG opened at $97.49 on Tuesday. The business’s 50 day moving average price is $90.74 and its 200 day moving average price is $84.84. The firm has a market cap of $3.86 billion, a P/E ratio of 28.77 and a beta of 1.14. iShares Morningstar Mid-Cap Growth ETF has a 52 week low of $75.67 and a 52 week high of $97.89.

iShares Morningstar Mid-Cap Growth ETF 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.