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

Beam Wealth Advisors Inc. raised its stake in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 530.1% during the first quarter, HoldingsChannel reports. The firm owned 260,379 shares of the company’s stock after buying an additional 219,053 shares during the quarter. iShares Morningstar Mid-Cap Growth ETF comprises 5.1% of Beam Wealth Advisors Inc.’s holdings, making the stock its 4th largest position. Beam Wealth Advisors Inc.’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $20,510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. IAG Wealth Partners LLC lifted its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 2.8% in the 1st quarter. IAG Wealth Partners LLC now owns 229,955 shares of the company’s stock valued at $18,114,000 after purchasing an additional 6,192 shares during the last quarter. Marino Stram & Associates LLC increased its position in shares of iShares Morningstar Mid-Cap Growth ETF by 11.1% during the 1st quarter. Marino Stram & Associates LLC now owns 70,492 shares of the company’s stock valued at $5,553,000 after purchasing an additional 7,055 shares during the last quarter. Silver Oak Wealth Advisors Services LLC increased its position in shares of iShares Morningstar Mid-Cap Growth ETF by 2.6% during the 1st quarter. Silver Oak Wealth Advisors Services LLC now owns 88,437 shares of the company’s stock valued at $6,966,000 after purchasing an additional 2,275 shares during the last quarter. Unified Investment Management raised its holdings in iShares Morningstar Mid-Cap Growth ETF by 3.3% during the 1st quarter. Unified Investment Management now owns 4,285 shares of the company’s stock valued at $338,000 after buying an additional 135 shares during the period. Finally, Stephens Inc. AR raised its holdings in iShares Morningstar Mid-Cap Growth ETF by 23.3% during the 1st quarter. Stephens Inc. AR now owns 3,300 shares of the company’s stock valued at $260,000 after buying an additional 623 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Stock Down 0.6%

Shares of IMCG opened at $96.32 on Thursday. The company has a market cap of $3.93 billion, a PE ratio of 28.77 and a beta of 1.12. The business has a fifty day moving average of $93.33 and a 200 day moving average of $86.21. iShares Morningstar Mid-Cap Growth ETF has a 52-week low of $75.67 and a 52-week high of $98.83.

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.