iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Position Reduced by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lowered its position in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 60.6% during the fourth quarter, Holdings Channel reports. The fund owned 28,850 shares of the company’s stock after selling 44,393 shares during the quarter. Kingsview Wealth Management LLC’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $2,179,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the fourth quarter worth $34,000. Concord Wealth Partners acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter valued at $75,000. Pinnacle Bancorp Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 4th quarter valued at $170,000. Ellis Investment Partners LLC acquired a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the third quarter worth $202,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth $205,000.

iShares Morningstar Mid-Cap Growth ETF Price Performance

Shares of IMCG stock opened at $79.98 on Tuesday. The firm has a market cap of $2.31 billion, a P/E ratio of 27.60 and a beta of 1.13. iShares Morningstar Mid-Cap Growth ETF has a fifty-two week low of $64.17 and a fifty-two week high of $81.68. The stock’s 50-day moving average is $78.22 and its two-hundred day moving average is $74.62.

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.