Marino Stram & Associates LLC Has $5.55 Million Stock Position in iShares Morningstar Mid-Cap Growth ETF $IMCG

Marino Stram & Associates LLC boosted its stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 11.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,492 shares of the company’s stock after purchasing an additional 7,055 shares during the quarter. iShares Morningstar Mid-Cap Growth ETF comprises 1.0% of Marino Stram & Associates LLC’s investment portfolio, making the stock its 17th biggest position. Marino Stram & Associates LLC owned 0.18% of iShares Morningstar Mid-Cap Growth ETF worth $5,553,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of IMCG. Godfrey Financial Associates Inc. bought a new position in iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at about $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the 4th quarter worth approximately $29,000. Dagco Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the 4th quarter worth approximately $30,000. Windsor Advisory Group LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth approximately $31,000. Finally, Richards Merrill & Peterson Inc. bought a new position in iShares Morningstar Mid-Cap Growth ETF in the fourth quarter valued at approximately $41,000.

iShares Morningstar Mid-Cap Growth ETF Price Performance

Shares of IMCG opened at $96.93 on Wednesday. The firm has a 50 day simple moving average of $93.15 and a two-hundred day simple moving average of $86.09. iShares Morningstar Mid-Cap Growth ETF has a one year low of $75.67 and a one year high of $98.83. The company has a market cap of $3.95 billion, a P/E ratio of 28.77 and a beta of 1.12.

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.