Summit Wealth Group LLC Co. Invests $2.56 Million in iShares Morningstar Mid-Cap Growth ETF $IMCG

Summit Wealth Group LLC Co. purchased a new position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) in the fourth quarter, Holdings Channel.com reports. The firm purchased 32,016 shares of the company’s stock, valued at approximately $2,556,000.

A number of other large investors have also recently made changes to their positions in the stock. Money Concepts Capital Corp grew its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 2.2% in the fourth quarter. Money Concepts Capital Corp now owns 17,341 shares of the company’s stock worth $1,384,000 after acquiring an additional 376 shares during the period. Family Legacy Inc. grew its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 2.9% in the fourth quarter. Family Legacy Inc. now owns 38,701 shares of the company’s stock worth $3,090,000 after acquiring an additional 1,090 shares during the period. Beam Wealth Advisors Inc. grew its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 4.1% in the fourth quarter. Beam Wealth Advisors Inc. now owns 41,326 shares of the company’s stock worth $3,299,000 after acquiring an additional 1,639 shares during the period. International Assets Investment Management LLC bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the fourth quarter worth approximately $292,000. Finally, Diversify Wealth Management LLC grew its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 5.3% in the fourth quarter. Diversify Wealth Management LLC now owns 43,797 shares of the company’s stock worth $3,639,000 after acquiring an additional 2,219 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Stock Down 1.0%

Shares of IMCG stock opened at $89.96 on Wednesday. The company has a 50 day moving average price of $83.47 and a 200-day moving average price of $82.34. iShares Morningstar Mid-Cap Growth ETF has a 52 week low of $75.43 and a 52 week high of $91.27. The firm has a market capitalization of $3.56 billion, a PE ratio of 28.77 and a beta of 1.13.

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.