iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Reaches New 12-Month High – What’s Next?

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $98.84 and last traded at $98.59, with a volume of 381359 shares changing hands. The stock had previously closed at $96.58.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

The business has a 50-day moving average of $95.94 and a 200 day moving average of $88.34. The stock has a market cap of $4.03 billion, a PE ratio of 28.77 and a beta of 1.13.

Institutional Trading of iShares Morningstar Mid-Cap Growth ETF

A number of hedge funds have recently bought and sold shares of the company. Eagle Strategies LLC raised its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 8.5% in the 4th quarter. Eagle Strategies LLC now owns 150,387 shares of the company’s stock valued at $12,007,000 after acquiring an additional 11,806 shares during the period. Faithward Advisors LLC boosted its position in iShares Morningstar Mid-Cap Growth ETF by 63.2% during the 1st quarter. Faithward Advisors LLC now owns 22,310 shares of the company’s stock worth $1,757,000 after purchasing an additional 8,639 shares during the period. Certified Advisory Corp boosted its position in iShares Morningstar Mid-Cap Growth ETF by 22.8% during the 1st quarter. Certified Advisory Corp now owns 97,866 shares of the company’s stock worth $7,709,000 after purchasing an additional 18,194 shares during the period. Summit Wealth Group LLC Co. acquired a new stake in iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at $2,556,000. Finally, Nations Financial Group Inc. IA ADV raised its position in iShares Morningstar Mid-Cap Growth ETF by 7.3% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 129,827 shares of the company’s stock valued at $10,365,000 after purchasing an additional 8,822 shares during the period.

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.