Orgel Wealth Management LLC Increases Position in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Orgel Wealth Management LLC raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 397,445 shares of the company’s stock after buying an additional 9,072 shares during the period. iShares Morningstar Mid-Cap Growth ETF comprises approximately 0.8% of Orgel Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest position. Orgel Wealth Management LLC owned 1.60% of iShares Morningstar Mid-Cap Growth ETF worth $24,220,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. MML Investors Services LLC raised its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 0.6% during the first quarter. MML Investors Services LLC now owns 55,389 shares of the company’s stock valued at $3,188,000 after acquiring an additional 312 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 6.5% during the first quarter. Geneos Wealth Management Inc. now owns 5,605 shares of the company’s stock valued at $323,000 after acquiring an additional 340 shares in the last quarter. Aspire Wealth Management Corp raised its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 11.7% during the first quarter. Aspire Wealth Management Corp now owns 3,339 shares of the company’s stock valued at $192,000 after acquiring an additional 350 shares in the last quarter. PFG Advisors raised its stake in iShares Morningstar Mid-Cap Growth ETF by 1.0% in the first quarter. PFG Advisors now owns 35,907 shares of the company’s stock worth $2,067,000 after buying an additional 357 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. raised its stake in iShares Morningstar Mid-Cap Growth ETF by 2.2% in the fourth quarter. Laurel Wealth Advisors Inc. now owns 16,395 shares of the company’s stock worth $883,000 after buying an additional 358 shares in the last quarter.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

NYSEARCA:IMCG traded down $0.61 during trading hours on Friday, reaching $59.09. The company’s stock had a trading volume of 59,545 shares, compared to its average volume of 101,099. The company has a market capitalization of $1.57 billion, a P/E ratio of 22.81 and a beta of 1.08. iShares Morningstar Mid-Cap Growth ETF has a 12 month low of $48.44 and a 12 month high of $63.37. The stock has a 50 day moving average price of $60.89 and a two-hundred day moving average price of $58.53.

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.