AdvisorShares Investments LLC Takes $41.30 Million Position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

AdvisorShares Investments LLC purchased a new position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 546,730 shares of the company’s stock, valued at approximately $41,295,000. iShares Morningstar Mid-Cap Growth ETF comprises 8.0% of AdvisorShares Investments LLC’s investment portfolio, making the stock its 3rd largest position. AdvisorShares Investments LLC owned 1.89% of iShares Morningstar Mid-Cap Growth ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 30.9% in the third quarter. JPMorgan Chase & Co. now owns 21,394 shares of the company’s stock valued at $1,561,000 after buying an additional 5,055 shares in the last quarter. Rosenberg Matthew Hamilton purchased a new position in iShares Morningstar Mid-Cap Growth ETF in the 4th quarter worth about $34,000. Ignite Planners LLC increased its stake in iShares Morningstar Mid-Cap Growth ETF by 1.2% in the 4th quarter. Ignite Planners LLC now owns 36,461 shares of the company’s stock worth $2,794,000 after purchasing an additional 433 shares in the last quarter. Mayfair Advisory Group LLC raised its holdings in iShares Morningstar Mid-Cap Growth ETF by 60.0% during the 4th quarter. Mayfair Advisory Group LLC now owns 9,291 shares of the company’s stock worth $702,000 after buying an additional 3,485 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in iShares Morningstar Mid-Cap Growth ETF by 17.3% during the fourth quarter. Park Avenue Securities LLC now owns 28,110 shares of the company’s stock valued at $2,123,000 after buying an additional 4,147 shares in the last quarter.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.2 %

Shares of NYSEARCA:IMCG opened at $71.38 on Tuesday. iShares Morningstar Mid-Cap Growth ETF has a 12-month low of $61.65 and a 12-month high of $81.68. The company has a market cap of $2.46 billion, a P/E ratio of 25.73 and a beta of 1.15. The company’s fifty day moving average is $71.27 and its two-hundred day moving average is $75.41.

About iShares Morningstar Mid-Cap Growth ETF

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.