Assetmark Inc. Boosts Stock Position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Assetmark Inc. raised its stake in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 12.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,624 shares of the company’s stock after buying an additional 518 shares during the quarter. Assetmark Inc.’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $349,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in shares of iShares Morningstar Mid-Cap Growth ETF by 30.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,394 shares of the company’s stock worth $1,561,000 after purchasing an additional 5,055 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the third quarter valued at approximately $1,995,000. FMR LLC raised its holdings in iShares Morningstar Mid-Cap Growth ETF by 21.6% in the 3rd quarter. FMR LLC now owns 11,341 shares of the company’s stock worth $828,000 after acquiring an additional 2,017 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at approximately $205,000. Finally, Blue Trust Inc. purchased a new stake in iShares Morningstar Mid-Cap Growth ETF during the 4th quarter valued at $82,000.

iShares Morningstar Mid-Cap Growth ETF Price Performance

IMCG stock opened at $71.22 on Thursday. The stock has a market capitalization of $2.46 billion, a P/E ratio of 28.86 and a beta of 1.11. iShares Morningstar Mid-Cap Growth ETF has a 1-year low of $64.17 and a 1-year high of $81.68. The business has a fifty day moving average price of $77.32 and a 200-day moving average price of $75.80.

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.