Foundations Investment Advisors LLC Takes $207,000 Position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Foundations Investment Advisors LLC purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 2,835 shares of the company’s stock, valued at approximately $207,000.

Several other institutional investors have also recently added to or reduced their stakes in IMCG. Concord Wealth Partners acquired a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the first quarter worth about $69,000. Sunbelt Securities Inc. raised its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 300.7% during the 1st quarter. Sunbelt Securities Inc. now owns 1,098 shares of the company’s stock worth $78,000 after buying an additional 824 shares in the last quarter. M&R Capital Management Inc. lifted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 119.3% in the 3rd quarter. M&R Capital Management Inc. now owns 1,092 shares of the company’s stock valued at $80,000 after buying an additional 594 shares during the period. Beacon Capital Management LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the 1st quarter valued at approximately $109,000. Finally, Strategic Financial Concepts LLC boosted its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 6,375.5% in the second quarter. Strategic Financial Concepts LLC now owns 218,613 shares of the company’s stock valued at $148,000 after buying an additional 215,237 shares in the last quarter.

iShares Morningstar Mid-Cap Growth ETF Stock Down 0.1 %

NYSEARCA:IMCG opened at $73.53 on Monday. iShares Morningstar Mid-Cap Growth ETF has a fifty-two week low of $53.01 and a fifty-two week high of $75.05. The firm’s fifty day simple moving average is $71.85 and its 200-day simple moving average is $69.31. The stock has a market cap of $2.13 billion, a PE 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.