Sanctuary Advisors LLC Acquires New Shares in iShares Morningstar Mid-Cap Growth ETF

Sanctuary Advisors LLC has recently acquired a new position in the iShares Morningstar Mid-Cap Growth ETF, known by its ticker symbol IMCG. This purchase occurred during the third quarter of this financial year, with the firm acquiring a total of 10,733 shares of the ETF. The value of this investment is estimated to be around $857,000, according to reports.

This acquisition is part of a broader trend among large investors who are also making significant moves in the iShares Morningstar Mid-Cap Growth ETF. For instance, Cambridge Investment Research Advisors Inc. increased their holdings in the ETF by 4.4% during the second quarter. After acquiring an additional 5,510 shares, they now possess a total of 132,118 shares, valued at about $8,951,000.

Similarly, Atomi Financial Group Inc. expanded its stake in the ETF by 24.4%, bringing their total to 5,957 shares worth approximately $404,000, after acquiring 1,168 additional shares in the period. Harbour Investments Inc. has also lifted its position by 16.5%, now holding 7,395 shares valued at $501,000 following an addition of 1,045 shares. Breakwater Capital Group and Ridgewood Investments LLC have also joined in, each increasing their respective stake in the ETF during the second quarter.

Recent Performance of iShares Morningstar Mid-Cap Growth ETF

On the market, the iShares Morningstar Mid-Cap Growth ETF has shown upward movement, recently trading up by 1.6%. The ETF opened at $76.88 on a recent Monday and has a market capitalization of around $2.22 billion. With a price-to-earnings ratio of 27.60 and a beta of 1.13, the product reflects a healthy engagement in mid-cap growth investments. Over the last year, the stock reached a low of $62.17 and peaked at $81.68, evidencing notable volatility within this timeframe. The ETF’s 50-day moving average stands at $77.23, while its 200-day moving average is $72.15.

About iShares Morningstar Mid-Cap Growth ETF

The iShares Morningstar Mid-Cap Growth ETF focuses on growth characteristics by tracking the Morningstar US Mid Cap Broad Growth index. Launched on June 28, 2004, the ETF is managed by BlackRock and consists of U.S. mid-cap companies selected based on their growth potential.

Sanctuary, Advisors, Shares