Carnegie Investment Counsel Increases Stake in iShares Morningstar Mid-Cap Growth ETF

Carnegie Investment Counsel has raised its ownership in the iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 1.0% during the fourth quarter, as confirmed in its latest Form 13F filing with the SEC. After acquiring an additional 150 shares during this period, the firm now holds a total of 14,479 shares in the ETF. Based on its most recent filings, Carnegie Investment Counsel's stake in the iShares Morningstar Mid-Cap Growth ETF is valued at approximately $1,094,000, representing about 0.05% of the fund.

Several other investment firms have also adjusted their positions in IMCG. Notably, Envestnet Asset Management Inc. increased its stake by 20.4% in the second quarter, bringing its total ownership to 221,629 shares, valued at $15,015,000, after acquiring an additional 37,486 shares. Meanwhile, Blair William & Co. IL showed a significant increase of 341.1% in their holdings, now owning 23,241 shares valued at $1,575,000, following an additional purchase of 17,972 shares.

Thrivent Financial for Lutherans raised its stake in the ETF by 11.5%, reaching 10,768 shares worth $730,000 after buying an extra 1,112 shares. Furthermore, Northwestern Mutual Wealth Management Co. increased its holdings by 3.4%, totaling 721,817 shares valued at $48,904,000, after purchasing 23,442 shares in the second quarter. Lastly, NewEdge Advisors LLC expanded its position by 49.2%, now owning 41,604 shares worth approximately $2,819,000 after acquiring 13,713 additional shares.

iShares Morningstar Mid-Cap Growth ETF Performance

As of the latest trading session, IMCG stock opened at $78.30. Over the past year, the ETF has seen a low of $62.58 and a high of $81.68. The fund has a market capitalization of $2.26 billion, a P/E ratio of 27.60, and a beta of 1.13. The 50-day moving average price currently stands at $78.07, while the two-hundred day moving average is at $73.37.

About iShares Morningstar Mid-Cap Growth ETF

The iShares Morningstar Mid-Cap Growth ETF (IMCG) is an exchange-traded fund that tracks a market-cap-weighted index of U.S. mid-cap stocks, selected based on their growth characteristics. Launched on June 28, 2004, the fund is managed by BlackRock.

Further Insights

As the market continues to evolve, keeping an eye on significant stock movements and changes in institutional holdings can provide valuable insights for investors looking to make informed decisions.

Carnegie, Investment, ETFs