Focus Financial Network Inc. Increases Holdings in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Focus Financial Network Inc. lifted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 5.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,929 shares of the company’s stock after purchasing an additional 918 shares during the period. Focus Financial Network Inc. owned about 0.06% of iShares Morningstar Mid-Cap Growth ETF worth $1,235,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its position in iShares Morningstar Mid-Cap Growth ETF by 3.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 721,817 shares of the company’s stock worth $48,904,000 after acquiring an additional 23,442 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 4.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 652,301 shares of the company’s stock worth $44,193,000 after purchasing an additional 28,973 shares during the period. Commonwealth Equity Services LLC lifted its stake in iShares Morningstar Mid-Cap Growth ETF by 3.2% in the second quarter. Commonwealth Equity Services LLC now owns 564,291 shares of the company’s stock valued at $38,231,000 after purchasing an additional 17,290 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in iShares Morningstar Mid-Cap Growth ETF by 19.9% during the first quarter. Avantax Advisory Services Inc. now owns 398,204 shares of the company’s stock valued at $28,145,000 after purchasing an additional 65,978 shares during the period. Finally, Cornerstone Planning Group LLC increased its position in iShares Morningstar Mid-Cap Growth ETF by 6.4% in the first quarter. Cornerstone Planning Group LLC now owns 273,771 shares of the company’s stock worth $18,458,000 after buying an additional 16,574 shares during the last quarter.

iShares Morningstar Mid-Cap Growth ETF Price Performance

Shares of IMCG opened at $72.91 on Friday. The firm has a market cap of $2.11 billion, a PE ratio of 27.60 and a beta of 1.13. iShares Morningstar Mid-Cap Growth ETF has a 1 year low of $54.66 and a 1 year high of $75.05. The stock’s fifty day moving average price is $72.19 and its two-hundred day moving average price is $69.48.

iShares Morningstar Mid-Cap Growth ETF Company 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.