Valley National Advisers Inc. Cuts Position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Valley National Advisers Inc. decreased its position in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 35.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,131 shares of the company’s stock after selling 20,134 shares during the quarter. Valley National Advisers Inc. owned 0.13% of iShares Morningstar Mid-Cap Growth ETF worth $2,708,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in IMCG. Sunbelt Securities Inc. raised its position in iShares Morningstar Mid-Cap Growth ETF by 300.7% in the first quarter. Sunbelt Securities Inc. now owns 1,098 shares of the company’s stock worth $78,000 after acquiring an additional 824 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in iShares Morningstar Mid-Cap Growth ETF by 26.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 76,480 shares of the company’s stock worth $5,406,000 after acquiring an additional 15,900 shares during the period. Founders Financial Securities LLC bought a new position in iShares Morningstar Mid-Cap Growth ETF in the first quarter worth approximately $816,000. Scott Capital Advisors LLC raised its position in iShares Morningstar Mid-Cap Growth ETF by 3.1% in the first quarter. Scott Capital Advisors LLC now owns 150,175 shares of the company’s stock worth $10,503,000 after acquiring an additional 4,493 shares during the period. Finally, Westside Investment Management Inc. raised its position in iShares Morningstar Mid-Cap Growth ETF by 122.0% in the first quarter. Westside Investment Management Inc. now owns 7,032 shares of the company’s stock worth $495,000 after acquiring an additional 3,864 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Trading Down 0.1 %

IMCG opened at $73.53 on Friday. iShares Morningstar Mid-Cap Growth ETF has a 1-year low of $53.01 and a 1-year high of $75.05. The company has a market capitalization of $2.13 billion, a PE ratio of 27.60 and a beta of 1.13. The firm’s 50 day simple moving average is $71.85 and its two-hundred day simple moving average is $69.31.

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.