Bouvel Investment Partners LLC Makes New Investment in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Bouvel Investment Partners LLC bought a new stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) in the fourth quarter, Holdings Channel.com reports. The firm bought 61,080 shares of the company’s stock, valued at approximately $4,613,000. iShares Morningstar Mid-Cap Growth ETF makes up about 1.7% of Bouvel Investment Partners LLC’s holdings, making the stock its 20th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of IMCG. Northwestern Mutual Wealth Management Co. lifted its stake in iShares Morningstar Mid-Cap Growth ETF by 3.4% in 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 in the last quarter. Avior Wealth Management LLC lifted its position in iShares Morningstar Mid-Cap Growth ETF by 4.7% during the third quarter. Avior Wealth Management LLC now owns 547,910 shares of the company’s stock worth $39,969,000 after buying an additional 24,367 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 6.0% during the third quarter. Cornerstone Planning Group LLC now owns 310,146 shares of the company’s stock worth $22,982,000 after buying an additional 17,527 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in iShares Morningstar Mid-Cap Growth ETF by 20.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 221,629 shares of the company’s stock valued at $15,015,000 after buying an additional 37,486 shares in the last quarter. Finally, Rodgers & Associates LTD increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 4.2% in the 3rd quarter. Rodgers & Associates LTD now owns 219,935 shares of the company’s stock worth $16,049,000 after acquiring an additional 8,895 shares during the last quarter.

iShares Morningstar Mid-Cap Growth ETF Trading Up 0.9 %

iShares Morningstar Mid-Cap Growth ETF stock opened at $77.76 on Friday. The stock has a market cap of $2.25 billion, a P/E ratio of 27.60 and a beta of 1.13. iShares Morningstar Mid-Cap Growth ETF has a 12-month low of $62.24 and a 12-month high of $81.68. The company has a 50-day moving average price of $78.05 and a 200 day moving average price of $73.22.

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.