Truist Financial Corp Grows Stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)

Truist Financial Corp lifted its stake in shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 14.5% in the fourth quarter, Holdings Channel reports. The firm owned 109,372 shares of the company’s stock after buying an additional 13,817 shares during the period. Truist Financial Corp’s holdings in iShares Morningstar Mid-Cap Growth ETF were worth $8,261,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IMCG. Rosenberg Matthew Hamilton purchased a new stake in iShares Morningstar Mid-Cap Growth ETF during the 4th quarter valued at about $34,000. Concord Wealth Partners purchased a new stake in iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter valued at about $75,000. Blue Trust Inc. purchased a new stake in iShares Morningstar Mid-Cap Growth ETF during the 4th quarter valued at about $82,000. Tanglewood Legacy Advisors LLC purchased a new stake in iShares Morningstar Mid-Cap Growth ETF during the 4th quarter valued at about $158,000. Finally, Pinnacle Bancorp Inc. purchased a new stake in iShares Morningstar Mid-Cap Growth ETF during the 4th quarter valued at about $170,000.

iShares Morningstar Mid-Cap Growth ETF Trading Down 2.4 %

Shares of NYSEARCA IMCG opened at $76.80 on Friday. iShares Morningstar Mid-Cap Growth ETF has a 12-month low of $64.17 and a 12-month high of $81.68. The stock has a market cap of $2.22 billion, a PE ratio of 27.60 and a beta of 1.13. The company has a 50-day moving average of $78.00 and a 200 day moving average of $75.23.

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.