Summit Asset Management LLC Has $3.94 Million Stock Holdings in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Summit Asset Management LLC cut its position in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,093 shares of the company’s stock after selling 676 shares during the quarter. iShares Morningstar Mid-Cap Growth ETF accounts for 0.9% of Summit Asset Management LLC’s portfolio, making the stock its 20th biggest holding. Summit Asset Management LLC owned approximately 0.23% of iShares Morningstar Mid-Cap Growth ETF worth $3,937,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in IMCG. LPL Financial LLC boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 5.2% during the third quarter. LPL Financial LLC now owns 684,985 shares of the company’s stock valued at $39,133,000 after purchasing an additional 33,791 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 2.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 611,398 shares of the company’s stock valued at $39,405,000 after purchasing an additional 16,277 shares in the last quarter. UBS Group AG boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 1.6% during the third quarter. UBS Group AG now owns 495,626 shares of the company’s stock valued at $28,315,000 after purchasing an additional 7,604 shares in the last quarter. Orgel Wealth Management LLC boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 7.8% during the third quarter. Orgel Wealth Management LLC now owns 428,559 shares of the company’s stock valued at $24,484,000 after purchasing an additional 31,114 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 3.7% during the third quarter. Commonwealth Equity Services LLC now owns 421,360 shares of the company’s stock valued at $24,072,000 after purchasing an additional 15,165 shares in the last quarter.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

NYSEARCA IMCG traded up $0.33 during trading on Thursday, reaching $66.56. 77,909 shares of the company traded hands, compared to its average volume of 159,802. The stock’s 50 day moving average price is $68.60 and its two-hundred day moving average price is $63.93. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 27.60 and a beta of 1.13. iShares Morningstar Mid-Cap Growth ETF has a 1-year low of $53.01 and a 1-year high of $70.85.

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.