Oppenheimer & Co. Inc. Sells 3,808 Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Oppenheimer & Co. Inc. lessened its position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,594 shares of the company’s stock after selling 3,808 shares during the period. Oppenheimer & Co. Inc. owned 0.30% of iShares Morningstar Mid-Cap Growth ETF worth $6,392,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Concord Wealth Partners bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the third quarter worth $75,000. M&R Capital Management Inc. grew its position 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 last quarter. Beacon Capital Management LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the first quarter valued at about $109,000. Strategic Financial Concepts LLC raised its position in shares of iShares Morningstar Mid-Cap Growth ETF by 6,375.5% during the second quarter. Strategic Financial Concepts LLC now owns 218,613 shares of the company’s stock worth $148,000 after acquiring an additional 215,237 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the second quarter worth approximately $174,000.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

NYSEARCA:IMCG opened at $77.34 on Friday. iShares Morningstar Mid-Cap Growth ETF has a fifty-two week low of $58.23 and a fifty-two week high of $78.97. The company has a 50 day simple moving average of $73.38 and a two-hundred day simple moving average of $70.13. The company has a market capitalization of $2.24 billion, a PE 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.