Cedrus LLC Increases Position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Cedrus LLC boosted its holdings in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 8.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,508 shares of the company’s stock after purchasing an additional 7,982 shares during the period. iShares Morningstar Mid-Cap Growth ETF comprises about 2.8% of Cedrus LLC’s portfolio, making the stock its 9th largest holding. Cedrus LLC owned 0.36% of iShares Morningstar Mid-Cap Growth ETF worth $7,553,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Means Investment CO. Inc. boosted its position in iShares Morningstar Mid-Cap Growth ETF by 7.1% during the third quarter. Means Investment CO. Inc. now owns 4,599 shares of the company’s stock valued at $336,000 after purchasing an additional 304 shares during the last quarter. Verde Capital Management increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 5.1% during the 3rd quarter. Verde Capital Management now owns 51,052 shares of the company’s stock worth $3,725,000 after purchasing an additional 2,488 shares during the last quarter. Raymond James & Associates raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 12.3% in the 3rd quarter. Raymond James & Associates now owns 134,148 shares of the company’s stock valued at $9,789,000 after purchasing an additional 14,704 shares during the period. Nottingham Advisors Inc. bought a new position in iShares Morningstar Mid-Cap Growth ETF during the third quarter worth about $1,507,000. Finally, LaFleur & Godfrey LLC increased its position in iShares Morningstar Mid-Cap Growth ETF by 5.2% during the third quarter. LaFleur & Godfrey LLC now owns 8,993 shares of the company’s stock worth $656,000 after buying an additional 448 shares during the last quarter.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.5 %

IMCG opened at $74.99 on Friday. iShares Morningstar Mid-Cap Growth ETF has a 12-month low of $53.01 and a 12-month high of $75.05. The business has a 50 day moving average of $71.30 and a 200-day moving average of $69.16. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 27.60 and a beta of 1.13.

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.