iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Reaches New 1-Year High – Time to Buy?

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $83.82 and last traded at $83.7450, with a volume of 34590 shares traded. The stock had previously closed at $82.81.

iShares Morningstar Mid-Cap Growth ETF Price Performance

The business has a 50 day moving average of $80.82 and a 200 day moving average of $81.44. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 28.77 and a beta of 1.12.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IMCG. Financial Consulate Inc. bought a new stake in iShares Morningstar Mid-Cap Growth ETF in the third quarter valued at $25,000. Quaker Wealth Management LLC lifted its holdings in iShares Morningstar Mid-Cap Growth ETF by 200.3% during the 2nd quarter. Quaker Wealth Management LLC now owns 336 shares of the company’s stock valued at $27,000 after purchasing an additional 671 shares during the last quarter. Dagco Inc. acquired a new position in iShares Morningstar Mid-Cap Growth ETF in the fourth quarter valued at about $30,000. Windsor Advisory Group LLC acquired a new position in iShares Morningstar Mid-Cap Growth ETF in the third quarter valued at about $31,000. Finally, Fifth Third Bancorp bought a new stake in iShares Morningstar Mid-Cap Growth ETF during the third quarter worth about $37,000.

iShares Morningstar Mid-Cap Growth ETF Company Profile

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.