JPMorgan Chase & Co. Raises Stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

JPMorgan Chase & Co. raised its stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 30.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,394 shares of the company’s stock after buying an additional 5,055 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $1,561,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 11.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 10,768 shares of the company’s stock worth $730,000 after purchasing an additional 1,112 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 3.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 721,817 shares of the company’s stock worth $48,904,000 after purchasing an additional 23,442 shares during the period. NewEdge Advisors LLC grew its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 49.2% during the 2nd quarter. NewEdge Advisors LLC now owns 41,604 shares of the company’s stock worth $2,819,000 after purchasing an additional 13,713 shares during the period. Regal Investment Advisors LLC grew its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 42.6% during the 2nd quarter. Regal Investment Advisors LLC now owns 7,497 shares of the company’s stock worth $508,000 after purchasing an additional 2,239 shares during the period. Finally, Truist Financial Corp grew its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 2.0% during the 2nd quarter. Truist Financial Corp now owns 92,920 shares of the company’s stock worth $6,295,000 after purchasing an additional 1,799 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Trading Up 0.4 %

IMCG opened at $79.75 on Friday. The stock’s 50-day moving average price is $78.16 and its 200 day moving average price is $73.65. iShares Morningstar Mid-Cap Growth ETF has a 12-month low of $63.84 and a 12-month high of $81.68. The firm has a market cap 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.