Capital Wealth Management LLC Purchases 16,622 Shares of iShares Morningstar Mid-Cap Growth ETF $IMCG

Capital Wealth Management LLC increased its holdings in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 7.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 243,505 shares of the company’s stock after purchasing an additional 16,622 shares during the quarter. iShares Morningstar Mid-Cap Growth ETF comprises about 5.0% of Capital Wealth Management LLC’s investment portfolio, making the stock its 10th biggest holding. Capital Wealth Management LLC’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $23,937,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 39.4% during the 1st quarter. NewEdge Advisors LLC now owns 92,615 shares of the company’s stock valued at $7,295,000 after acquiring an additional 26,185 shares during the last quarter. Faithward Advisors LLC boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 63.2% in the first quarter. Faithward Advisors LLC now owns 22,310 shares of the company’s stock worth $1,757,000 after acquiring an additional 8,639 shares during the last quarter. Certified Advisory Corp grew its holdings in iShares Morningstar Mid-Cap Growth ETF by 22.8% in the first quarter. Certified Advisory Corp now owns 97,866 shares of the company’s stock valued at $7,709,000 after purchasing an additional 18,194 shares during the period. Summit Wealth Group LLC Co. purchased a new stake in iShares Morningstar Mid-Cap Growth ETF in the fourth quarter valued at approximately $2,556,000. Finally, World Investment Advisors acquired a new position in iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth approximately $713,000.

iShares Morningstar Mid-Cap Growth ETF Stock Down 1.8%

NYSEARCA:IMCG opened at $95.21 on Wednesday. The company has a market cap of $3.93 billion, a P/E ratio of 28.77 and a beta of 1.13. iShares Morningstar Mid-Cap Growth ETF has a fifty-two week low of $75.67 and a fifty-two week high of $100.79. The firm’s 50 day moving average is $97.21 and its two-hundred day moving average is $90.34.

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.