Nations Financial Group Inc. IA ADV Acquires 8,898 Shares of iShares Morningstar Mid-Cap Growth ETF $IMCG

Nations Financial Group Inc. IA ADV raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 6.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 138,725 shares of the company’s stock after acquiring an additional 8,898 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $10,927,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 256.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,873,288 shares of the company’s stock worth $229,403,000 after purchasing an additional 2,068,305 shares during the last quarter. LPL Financial LLC boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 7.0% during the fourth quarter. LPL Financial LLC now owns 2,448,326 shares of the company’s stock valued at $195,474,000 after buying an additional 160,038 shares during the last quarter. Morgan Stanley boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 10.0% during the fourth quarter. Morgan Stanley now owns 1,149,360 shares of the company’s stock valued at $91,765,000 after buying an additional 104,588 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 3.1% during the third quarter. Raymond James Financial Inc. now owns 1,003,177 shares of the company’s stock valued at $82,993,000 after buying an additional 30,585 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in iShares Morningstar Mid-Cap Growth ETF by 7.6% in the 4th quarter. Cetera Investment Advisers now owns 916,927 shares of the company’s stock worth $73,208,000 after buying an additional 64,943 shares in the last quarter.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

NYSEARCA IMCG opened at $97.01 on Friday. iShares Morningstar Mid-Cap Growth ETF has a one year low of $75.67 and a one year high of $97.89. The stock has a 50-day moving average of $90.46 and a 200 day moving average of $84.69. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 28.77 and a beta of 1.14.

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.