Allegheny Financial Group Grows Position in iShares Morningstar Mid-Cap Growth ETF $IMCG

Allegheny Financial Group lifted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 36.2% during the first quarter, HoldingsChannel reports. The firm owned 220,414 shares of the company’s stock after purchasing an additional 58,639 shares during the quarter. iShares Morningstar Mid-Cap Growth ETF accounts for about 2.3% of Allegheny Financial Group’s investment portfolio, making the stock its 10th biggest holding. Allegheny Financial Group’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $17,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jane Street Group LLC grew its position in iShares Morningstar Mid-Cap Growth ETF by 40.3% during the first quarter. Jane Street Group LLC now owns 17,829 shares of the company’s stock valued at $1,274,000 after buying an additional 5,123 shares during the period. JPMorgan Chase & Co. raised its position in iShares Morningstar Mid-Cap Growth ETF by 26.9% in the second quarter. JPMorgan Chase & Co. now owns 63,701 shares of the company’s stock worth $5,111,000 after acquiring an additional 13,500 shares during the period. Russell Investments Group Ltd. raised its position in iShares Morningstar Mid-Cap Growth ETF by 29.3% in the second quarter. Russell Investments Group Ltd. now owns 613 shares of the company’s stock worth $49,000 after acquiring an additional 139 shares during the period. NewEdge Advisors LLC boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 91.6% in the second quarter. NewEdge Advisors LLC now owns 66,253 shares of the company’s stock valued at $5,315,000 after acquiring an additional 31,679 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 5.3% in the second quarter. Diversify Wealth Management LLC now owns 40,603 shares of the company’s stock valued at $3,281,000 after acquiring an additional 2,030 shares during the last quarter.

iShares Morningstar Mid-Cap Growth ETF Price Performance

iShares Morningstar Mid-Cap Growth ETF stock opened at $97.01 on Monday. iShares Morningstar Mid-Cap Growth ETF has a twelve month low of $75.67 and a twelve month high of $97.89. The firm has a 50 day moving average price of $90.46 and a 200-day moving average price of $84.72. The company has a market capitalization of $3.84 billion, a P/E ratio of 28.77 and a beta of 1.14.

About iShares Morningstar Mid-Cap Growth ETF

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.