American Trust Purchases New Shares in iShares Morningstar Mid-Cap Growth ETF $IMCG

American Trust purchased a new position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 93,044 shares of the company’s stock, valued at approximately $7,465,000. iShares Morningstar Mid-Cap Growth ETF makes up about 0.7% of American Trust’s portfolio, making the stock its 20th biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 31.2% during the first quarter. Ameriprise Financial Inc. now owns 1,828,545 shares of the company’s stock worth $130,649,000 after purchasing an additional 434,630 shares in the last quarter. Rockport Wealth LLC purchased a new stake in iShares Morningstar Mid-Cap Growth ETF during the 2nd quarter worth approximately $32,494,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 13.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 726,769 shares of the company’s stock valued at $51,913,000 after acquiring an additional 88,738 shares during the last quarter. CW Advisors LLC purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the second quarter valued at approximately $6,102,000. Finally, GGM Financials LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the second quarter worth approximately $4,321,000.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

NYSEARCA IMCG opened at $80.96 on Monday. The business has a fifty day moving average price of $81.32 and a 200 day moving average price of $80.94. iShares Morningstar Mid-Cap Growth ETF has a one year low of $61.65 and a one year high of $83.76. The company has a market cap of $3.09 billion, a P/E ratio of 28.77 and a beta of 1.12.

iShares Morningstar Mid-Cap Growth ETF Company 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.