Verde Capital Management Has $3.73 Million Position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Verde Capital Management raised its position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 5.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,052 shares of the company’s stock after buying an additional 2,488 shares during the quarter. iShares Morningstar Mid-Cap Growth ETF accounts for 1.1% of Verde Capital Management’s holdings, making the stock its 18th biggest holding. Verde Capital Management owned 0.18% of iShares Morningstar Mid-Cap Growth ETF worth $3,725,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC grew its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 6,375.5% in the second quarter. Strategic Financial Concepts LLC now owns 218,613 shares of the company’s stock valued at $148,000 after acquiring an additional 215,237 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of iShares Morningstar Mid-Cap Growth ETF by 106.7% during the 1st quarter. Avior Wealth Management LLC now owns 367,047 shares of the company’s stock worth $25,943,000 after purchasing an additional 189,430 shares in the last quarter. Cetera Investment Advisers grew its position in shares of iShares Morningstar Mid-Cap Growth ETF by 946.7% during the 1st quarter. Cetera Investment Advisers now owns 187,067 shares of the company’s stock worth $13,222,000 after purchasing an additional 169,195 shares in the last quarter. Ethos Financial Group LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the first quarter worth approximately $8,433,000. Finally, Eagle Strategies LLC raised its position in shares of iShares Morningstar Mid-Cap Growth ETF by 391.0% in the second quarter. Eagle Strategies LLC now owns 109,301 shares of the company’s stock valued at $7,405,000 after buying an additional 87,040 shares in the last quarter.

iShares Morningstar Mid-Cap Growth ETF Price Performance

Shares of NYSEARCA:IMCG opened at $74.99 on Friday. The business’s 50 day simple moving average is $71.30 and its 200 day simple moving average is $69.16. iShares Morningstar Mid-Cap Growth ETF has a 1 year low of $53.01 and a 1 year high of $75.05. The company has a market capitalization of $2.17 billion, a P/E ratio of 27.60 and a beta of 1.13.

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.