Verde Capital Management Acquires 4,096 Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Verde Capital Management boosted its holdings in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,148 shares of the company’s stock after acquiring an additional 4,096 shares during the quarter. iShares Morningstar Mid-Cap Growth ETF accounts for about 1.2% of Verde Capital Management’s investment portfolio, making the stock its 17th largest position. Verde Capital Management’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $4,165,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in iShares Morningstar Mid-Cap Growth ETF by 3.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 721,817 shares of the company’s stock valued at $48,904,000 after purchasing an additional 23,442 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of 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 last quarter. Cornerstone Planning Group LLC raised its position in shares of iShares Morningstar Mid-Cap Growth ETF by 6.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 310,146 shares of the company’s stock valued at $22,982,000 after buying an additional 17,527 shares in the last quarter. Rodgers & Associates LTD lifted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 4.2% during the 3rd quarter. Rodgers & Associates LTD now owns 219,935 shares of the company’s stock worth $16,049,000 after acquiring an additional 8,895 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in iShares Morningstar Mid-Cap Growth ETF by 11.9% in the second quarter. Cetera Investment Advisers now owns 209,412 shares of the company’s stock worth $14,188,000 after acquiring an additional 22,345 shares in the last quarter.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.4 %

NYSEARCA IMCG opened at $79.75 on Friday. The stock’s 50-day simple moving average is $78.16 and its two-hundred day simple moving average is $73.65. iShares Morningstar Mid-Cap Growth ETF has a twelve month low of $63.84 and a twelve month high of $81.68. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 27.60 and a beta of 1.13.

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.