Sanctuary Advisors LLC Acquires New Shares in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Sanctuary Advisors LLC has made a significant move by acquiring new shares in the iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) during the third quarter of the year. According to reports from HoldingsChannel.com, the firm purchased 10,733 shares of this ETF, which are estimated to be valued at approximately $857,000.

Recently, other large investors have also shown interest in the iShares Morningstar Mid-Cap Growth ETF by buying and selling shares. For instance, Cambridge Investment Research Advisors Inc. increased its stake in the ETF by 4.4% during the second quarter, now owning 132,118 shares valued at $8,951,000 after acquiring an additional 5,510 shares in the last quarter. Similarly, Atomi Financial Group Inc. expanded its holdings in the ETF by 24.4%, now holding 5,957 shares, worth $404,000, after acquiring 1,168 additional shares. Furthermore, Harbour Investments Inc. raised its position by 16.5%, now owning 7,395 shares valued at $501,000, following the acquisition of 1,045 extra shares.

Breakwater Capital Group also made a notable investment in the second quarter, acquiring a new stake in the ETF valued at $202,000. Ridgewood Investments LLC similarly bolstered its holdings by 13.5%, bringing its total to 9,671 shares worth $655,000 after purchasing an extra 1,147 shares.

iShares Morningstar Mid-Cap Growth ETF Performance

As of Monday, the iShares Morningstar Mid-Cap Growth ETF opened at $76.88. The fund currently boasts a market capitalization of $2.22 billion, with a price-to-earnings ratio of 27.60 and a beta of 1.13. Over the past year, the ETF has experienced a low point of $62.17 and a high of $81.68. Its 50-day moving average stands at $77.23, while the 200-day moving average is at $72.15.

About iShares Morningstar Mid-Cap Growth ETF

The iShares Morningstar Mid-Cap Growth ETF (IMCG) is an exchange-traded fund designed to track the Morningstar US Mid Cap Broad Growth index. This ETF focuses on mid-cap companies in the United States, which have been selected based on their growth characteristics. Launched on June 28, 2004, the ETF is managed by BlackRock, a well-known investment management firm.

Investors looking for insights into other hedge funds that hold IMCG shares can check the latest 13F filings and insider trading activities related to the iShares Morningstar Mid-Cap Growth ETF.

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Advisors, Shares, ETF