Arax Advisory Partners Buys Shares of 273,141 iShares Morningstar Mid-Cap Growth ETF $IMCG

Arax Advisory Partners purchased a new position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 273,141 shares of the company’s stock, valued at approximately $21,808,000. Arax Advisory Partners owned about 0.70% of iShares Morningstar Mid-Cap Growth ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Willner & Heller LLC boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 1.3% in the 4th quarter. Willner & Heller LLC now owns 10,180 shares of the company’s stock valued at $813,000 after buying an additional 126 shares during the period. PCA Investment Advisory Services Inc. boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 0.6% in the 4th quarter. PCA Investment Advisory Services Inc. now owns 21,085 shares of the company’s stock valued at $1,683,000 after buying an additional 132 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 29.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 613 shares of the company’s stock valued at $49,000 after buying an additional 139 shares during the period. Truepoint Inc. boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 1.6% in the 4th quarter. Truepoint Inc. now owns 9,680 shares of the company’s stock valued at $773,000 after buying an additional 148 shares during the period. Finally, Stifel Financial Corp boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 1.4% in the 4th quarter. Stifel Financial Corp now owns 12,244 shares of the company’s stock valued at $978,000 after buying an additional 164 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

NYSEARCA IMCG opened at $94.57 on Friday. iShares Morningstar Mid-Cap Growth ETF has a one year low of $75.67 and a one year high of $96.49. The company has a 50-day simple moving average of $88.91 and a 200-day simple moving average of $84.12. The firm has a market capitalization of $3.74 billion, a PE ratio of 28.77 and a beta of 1.14.

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.