iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Reaches New 52-Week High – Here’s Why

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $83.89 and last traded at $83.3720, with a volume of 19815 shares trading hands. The stock had previously closed at $83.14.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

The company’s fifty day simple moving average is $81.10 and its two-hundred day simple moving average is $81.55. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 28.77 and a beta of 1.12.

Institutional Trading of iShares Morningstar Mid-Cap Growth ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in iShares Morningstar Mid-Cap Growth ETF by 228.7% during the 4th quarter. Farther Finance Advisors LLC now owns 19,056 shares of the company’s stock worth $1,521,000 after buying an additional 13,258 shares during the last quarter. Rede Wealth LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the 4th quarter valued at approximately $302,000. Eagle Bay Advisors LLC bought a new position in iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth $192,000. James J. Burns & Company LLC boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 12.4% in the fourth quarter. James J. Burns & Company LLC now owns 44,564 shares of the company’s stock worth $3,558,000 after purchasing an additional 4,911 shares during the period. Finally, HF Advisory Group LLC increased its stake in iShares Morningstar Mid-Cap Growth ETF by 4.4% during the fourth quarter. HF Advisory Group LLC now owns 15,580 shares of the company’s stock valued at $1,244,000 after purchasing an additional 662 shares during the last quarter.

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.