Verdence Capital Advisors LLC Makes New $924,000 Investment in iShares Morningstar Mid-Cap Growth ETF $IMCG

Verdence Capital Advisors LLC bought a new position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 9,845 shares of the company’s stock, valued at approximately $924,000.

Several other large investors have also made changes to their positions in the company. Cetera Investment Advisers raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 943,563 shares of the company’s stock worth $74,324,000 after purchasing an additional 26,636 shares during the period. Bank of America Corp DE raised its holdings in iShares Morningstar Mid-Cap Growth ETF by 2.8% in the first quarter. Bank of America Corp DE now owns 567,589 shares of the company’s stock valued at $44,709,000 after buying an additional 15,572 shares during the period. Baer Investment Advisory LLC purchased a new position in iShares Morningstar Mid-Cap Growth ETF in the first quarter valued at approximately $34,027,000. Cornerstone Planning Group LLC lifted its position in iShares Morningstar Mid-Cap Growth ETF by 8.6% during the first quarter. Cornerstone Planning Group LLC now owns 382,492 shares of the company’s stock valued at $30,129,000 after buying an additional 30,185 shares in the last quarter. Finally, First Pacific Financial acquired a new position in iShares Morningstar Mid-Cap Growth ETF during the third quarter valued at approximately $26,608,000.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.5%

IMCG opened at $95.64 on Friday. iShares Morningstar Mid-Cap Growth ETF has a 52-week low of $75.67 and a 52-week high of $100.79. The company has a 50 day moving average of $95.47 and a two-hundred day moving average of $90.49. The company has a market cap of $4.12 billion, a P/E 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.