Orgel Wealth Management LLC Cuts Stock Position in iShares Morningstar Mid-Cap Growth ETF $IMCG

Orgel Wealth Management LLC decreased its holdings in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 2.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 284,164 shares of the company’s stock after selling 7,453 shares during the period. iShares Morningstar Mid-Cap Growth ETF makes up about 0.5% of Orgel Wealth Management LLC’s portfolio, making the stock its 23rd biggest holding. Orgel Wealth Management LLC’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $27,933,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IMCG. PCA Investment Advisory Services Inc. increased its holdings in 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 purchasing an additional 132 shares in the last quarter. Unified Investment Management boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 3.3% in the first quarter. Unified Investment Management now owns 4,285 shares of the company’s stock worth $338,000 after buying an additional 135 shares during the period. Russell Investments Group Ltd. grew its stake in shares of 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 valued at $49,000 after buying an additional 139 shares in the last quarter. Fermata Advisors LLC raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 2.7% during the 2nd quarter. Fermata Advisors LLC now owns 5,524 shares of the company’s stock valued at $543,000 after buying an additional 146 shares during the period. Finally, Truepoint Inc. lifted its position in iShares Morningstar Mid-Cap Growth ETF by 1.6% during the 4th quarter. Truepoint Inc. now owns 9,680 shares of the company’s stock worth $773,000 after acquiring an additional 148 shares in the last quarter.

iShares Morningstar Mid-Cap Growth ETF Stock Down 0.5%

NYSEARCA IMCG opened at $96.92 on Tuesday. iShares Morningstar Mid-Cap Growth ETF has a fifty-two week low of $75.67 and a fifty-two week high of $100.79. The business has a 50 day moving average price of $97.22 and a two-hundred day moving average price of $90.25. The stock has a market cap of $4.00 billion, a PE ratio of 28.77 and a beta of 1.13.

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.