iShares Morningstar Mid-Cap Growth ETF $IMCG Shares Sold by Valley National Advisers Inc.

Valley National Advisers Inc. cut its stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 0.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 41,564 shares of the company’s stock after selling 155 shares during the quarter. Valley National Advisers Inc.’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $3,334,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Nemes Rush Group LLC purchased a new position in iShares Morningstar Mid-Cap Growth ETF in the 1st quarter valued at approximately $26,000. Compass Planning Associates Inc increased its position in shares of iShares Morningstar Mid-Cap Growth ETF by 74.8% in the first quarter. Compass Planning Associates Inc now owns 500 shares of the company’s stock valued at $36,000 after buying an additional 214 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 1st quarter worth $51,000. Financial Perspectives Inc grew its stake in iShares Morningstar Mid-Cap Growth ETF by 11.7% in the 1st quarter. Financial Perspectives Inc now owns 1,553 shares of the company’s stock valued at $111,000 after acquiring an additional 163 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in iShares Morningstar Mid-Cap Growth ETF by 31.1% during the second quarter. Parallel Advisors LLC now owns 1,848 shares of the company’s stock worth $148,000 after acquiring an additional 438 shares during the last quarter.

iShares Morningstar Mid-Cap Growth ETF Price Performance

Shares of NYSEARCA IMCG opened at $82.98 on Monday. The firm’s 50-day moving average is $81.78 and its two-hundred day moving average is $77.64. The company has a market capitalization of $3.21 billion, a PE ratio of 28.77 and a beta of 1.08. iShares Morningstar Mid-Cap Growth ETF has a 12-month low of $61.65 and a 12-month high of $83.44.

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.