Verde Capital Management Acquires 4,096 Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Verde Capital Management raised its stake in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,148 shares of the company’s stock after acquiring an additional 4,096 shares during the period. iShares Morningstar Mid-Cap Growth ETF comprises approximately 1.2% of Verde Capital Management’s investment portfolio, making the stock its 17th largest holding. Verde Capital Management owned 0.19% of iShares Morningstar Mid-Cap Growth ETF worth $4,165,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in IMCG. Northwestern Mutual Wealth Management Co. increased its position in iShares Morningstar Mid-Cap Growth ETF by 3.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 721,817 shares of the company’s stock worth $48,904,000 after buying an additional 23,442 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in iShares Morningstar Mid-Cap Growth ETF by 1.8% during the fourth quarter. Avior Wealth Management LLC now owns 557,968 shares of the company’s stock valued at $42,143,000 after purchasing an additional 10,058 shares during the last quarter. Cornerstone Planning Group LLC boosted its position in iShares Morningstar Mid-Cap Growth ETF by 6.0% during the third quarter. Cornerstone Planning Group LLC now owns 310,146 shares of the company’s stock worth $22,982,000 after purchasing an additional 17,527 shares during the period. Rodgers & Associates LTD increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 4.2% in the third quarter. Rodgers & Associates LTD now owns 219,935 shares of the company’s stock worth $16,049,000 after purchasing an additional 8,895 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of iShares Morningstar Mid-Cap Growth ETF by 11.9% in the second quarter. Cetera Investment Advisers now owns 209,412 shares of the company’s stock valued at $14,188,000 after purchasing an additional 22,345 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Trading Up 0.4 %

IMCG opened at $79.75 on Friday. iShares Morningstar Mid-Cap Growth ETF has a 12 month low of $63.84 and a 12 month high of $81.68. The company has a market cap of $2.30 billion, a PE ratio of 27.60 and a beta of 1.13. The company has a 50 day moving average of $78.16 and a 200 day moving average of $73.65.

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.