Steele Capital Management Inc. Invests $10.93 Million in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Steele Capital Management Inc. acquired a new position in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 169,608 shares of the company’s stock, valued at approximately $10,931,000. iShares Morningstar Mid-Cap Growth ETF comprises 0.7% of Steele Capital Management Inc.’s portfolio, making the stock its 28th largest holding.

Several other large investors have also modified their holdings of the stock. HF Advisory Group LLC lifted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 2.8% during the 3rd quarter. HF Advisory Group LLC now owns 7,779 shares of the company’s stock worth $455,000 after acquiring an additional 213 shares during the period. Aire Advisors LLC raised its holdings in iShares Morningstar Mid-Cap Growth ETF by 0.8% in the third quarter. Aire Advisors LLC now owns 30,307 shares of the company’s stock valued at $1,731,000 after buying an additional 241 shares during the period. LexAurum Advisors LLC raised its holdings in iShares Morningstar Mid-Cap Growth ETF by 5.3% in the fourth quarter. LexAurum Advisors LLC now owns 5,534 shares of the company’s stock valued at $357,000 after buying an additional 279 shares during the period. Marino Stram & Associates LLC raised its holdings in iShares Morningstar Mid-Cap Growth ETF by 1.1% in the fourth quarter. Marino Stram & Associates LLC now owns 25,101 shares of the company’s stock valued at $1,618,000 after buying an additional 283 shares during the period. Finally, J.W. Cole Advisors Inc. raised its holdings in iShares Morningstar Mid-Cap Growth ETF by 3.8% in the fourth quarter. J.W. Cole Advisors Inc. now owns 8,316 shares of the company’s stock valued at $536,000 after buying an additional 301 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Price Performance

NYSEARCA IMCG traded up $0.34 during mid-day trading on Monday, hitting $67.70. The company’s stock had a trading volume of 61,456 shares, compared to its average volume of 161,345. iShares Morningstar Mid-Cap Growth ETF has a 52-week low of $53.01 and a 52-week high of $70.85. The stock’s fifty day simple moving average is $68.58 and its two-hundred day simple moving average is $63.78. The firm has a market capitalization of $1.99 billion, a P/E ratio of 28.23 and a beta of 1.13.

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.