Raymond James & Associates Grows Holdings in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Raymond James & Associates increased its stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 12.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 134,148 shares of the company’s stock after acquiring an additional 14,704 shares during the quarter. Raymond James & Associates owned approximately 0.46% of iShares Morningstar Mid-Cap Growth ETF worth $9,789,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IMCG. Nottingham Advisors Inc. purchased a new position in iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter worth approximately $1,507,000. LaFleur & Godfrey LLC boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 5.2% during the 3rd quarter. LaFleur & Godfrey LLC now owns 8,993 shares of the company’s stock worth $656,000 after purchasing an additional 448 shares during the period. PFG Advisors raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 1.3% in the 3rd quarter. PFG Advisors now owns 49,339 shares of the company’s stock valued at $3,600,000 after buying an additional 618 shares during the period. Prospect Financial Services LLC increased its stake in iShares Morningstar Mid-Cap Growth ETF by 2.7% during the third quarter. Prospect Financial Services LLC now owns 22,846 shares of the company’s stock worth $1,667,000 after purchasing an additional 607 shares during the period. Finally, Willner & Heller LLC boosted its position in iShares Morningstar Mid-Cap Growth ETF by 2.0% in the 3rd quarter. Willner & Heller LLC now owns 9,576 shares of the company’s stock valued at $699,000 after buying an additional 187 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

IMCG stock opened at $74.10 on Wednesday. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 27.60 and a beta of 1.13. The company’s 50 day moving average price is $72.02 and its 200 day moving average price is $69.39. iShares Morningstar Mid-Cap Growth ETF has a fifty-two week low of $53.01 and a fifty-two week high of $75.05.

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.