Belpointe Asset Management LLC Sells 239 Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Belpointe Asset Management LLC decreased its holdings in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,606 shares of the company’s stock after selling 239 shares during the quarter. Belpointe Asset Management LLC’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $801,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. LPL Financial LLC boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 20.6% during the 4th quarter. LPL Financial LLC now owns 1,189,592 shares of the company’s stock valued at $89,850,000 after acquiring an additional 203,055 shares during the period. Raymond James Financial Inc. bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth $68,262,000. Commonwealth Equity Services LLC boosted its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 29.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 609,856 shares of the company’s stock valued at $46,062,000 after purchasing an additional 140,171 shares during the period. Wells Fargo & Company MN grew its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 47.9% in the fourth quarter. Wells Fargo & Company MN now owns 572,389 shares of the company’s stock worth $43,233,000 after purchasing an additional 185,435 shares during the last quarter. Finally, Avior Wealth Management LLC increased its stake in iShares Morningstar Mid-Cap Growth ETF by 1.8% in the 4th quarter. Avior Wealth Management LLC now owns 557,968 shares of the company’s stock worth $42,143,000 after buying an additional 10,058 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Price Performance

Shares of IMCG opened at $68.83 on Wednesday. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 26.17 and a beta of 1.14. iShares Morningstar Mid-Cap Growth ETF has a 1-year low of $61.65 and a 1-year high of $81.68. The company has a 50-day moving average of $73.16 and a 200 day moving average of $75.62.

iShares Morningstar Mid-Cap Growth ETF 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.