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

Tandem Financial LLC acquired a new position in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 65,601 shares of the company’s stock, valued at approximately $4,955,000. iShares Morningstar Mid-Cap Growth ETF makes up 5.3% of Tandem Financial LLC’s holdings, making the stock its 6th largest position.

Several other large investors also recently made changes to their positions in the business. Strategic Financial Concepts LLC lifted its position in iShares Morningstar Mid-Cap Growth ETF by 7,477.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 242,718 shares of the company’s stock valued at $18,332,000 after acquiring an additional 239,515 shares in the last quarter. Bouvel Investment Partners LLC bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at about $4,613,000. Nwam LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth approximately $3,773,000. Foundations Investment Advisors LLC boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 1,240.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 38,006 shares of the company’s stock worth $2,871,000 after buying an additional 35,171 shares during the period. Finally, Kingswood Wealth Advisors LLC grew its position in shares of iShares Morningstar Mid-Cap Growth ETF by 199.0% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 47,818 shares of the company’s stock valued at $3,612,000 after purchasing an additional 31,824 shares during the last quarter.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

IMCG opened at $79.99 on Friday. The stock has a fifty day moving average of $78.24 and a 200-day moving average of $74.38. iShares Morningstar Mid-Cap Growth ETF has a fifty-two week low of $64.17 and a fifty-two week high of $81.68. The company has a market capitalization of $2.31 billion, a P/E 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.