Summit Asset Management LLC Sells 340 Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Summit Asset Management LLC cut its stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,362 shares of the company’s stock after selling 340 shares during the period. iShares Morningstar Mid-Cap Growth ETF makes up approximately 0.8% of Summit Asset Management LLC’s holdings, making the stock its 27th biggest position. Summit Asset Management LLC owned 0.21% of iShares Morningstar Mid-Cap Growth ETF worth $4,484,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 2.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 5,908 shares of the company’s stock worth $446,000 after acquiring an additional 141 shares during the period. Mayfair Advisory Group LLC lifted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 2.5% during the 3rd quarter. Mayfair Advisory Group LLC now owns 5,806 shares of the company’s stock worth $423,000 after acquiring an additional 144 shares during the period. Carnegie Investment Counsel lifted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 1.0% during the 4th quarter. Carnegie Investment Counsel now owns 14,479 shares of the company’s stock worth $1,094,000 after acquiring an additional 150 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 1.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 12,258 shares of the company’s stock worth $894,000 after acquiring an additional 232 shares during the period. Finally, Strategic Financial Concepts LLC lifted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 8.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 3,463 shares of the company’s stock worth $262,000 after acquiring an additional 260 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

NYSEARCA:IMCG opened at $76.80 on Friday. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 27.60 and a beta of 1.13. The company has a 50-day moving average of $78.00 and a 200-day moving average of $75.29. iShares Morningstar Mid-Cap Growth ETF has a 52 week low of $64.17 and a 52 week high of $81.68.

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.