Beam Wealth Advisors Inc. Raises Position in iShares Morningstar Mid-Cap Growth ETF $IMCG

Beam Wealth Advisors Inc. increased its position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 530.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,379 shares of the company’s stock after buying an additional 219,053 shares during the period. iShares Morningstar Mid-Cap Growth ETF accounts for about 5.1% of Beam Wealth Advisors Inc.’s investment portfolio, making the stock its 4th biggest position. Beam Wealth Advisors Inc. owned about 0.66% of iShares Morningstar Mid-Cap Growth ETF worth $20,510,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its stake in iShares Morningstar Mid-Cap Growth ETF by 256.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,873,288 shares of the company’s stock worth $229,403,000 after acquiring an additional 2,068,305 shares during the last quarter. LPL Financial LLC raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 7.0% during the 4th quarter. LPL Financial LLC now owns 2,448,326 shares of the company’s stock worth $195,474,000 after acquiring an additional 160,038 shares in the last quarter. Morgan Stanley boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 10.0% during the 4th quarter. Morgan Stanley now owns 1,149,360 shares of the company’s stock valued at $91,765,000 after acquiring an additional 104,588 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 3.1% during the 3rd quarter. Raymond James Financial Inc. now owns 1,003,177 shares of the company’s stock valued at $82,993,000 after acquiring an additional 30,585 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 7.6% in the fourth quarter. Cetera Investment Advisers now owns 916,927 shares of the company’s stock valued at $73,208,000 after purchasing an additional 64,943 shares in the last quarter.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

IMCG stock opened at $96.32 on Thursday. The firm has a fifty day moving average price of $93.33 and a 200 day moving average price of $86.21. iShares Morningstar Mid-Cap Growth ETF has a fifty-two week low of $75.67 and a fifty-two week high of $98.83. The firm has a market cap of $3.93 billion, a PE ratio of 28.77 and a beta of 1.12.

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.