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

Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) reached a new 52-week high on Wednesday . The company traded as high as $83.98 and last traded at $82.6110, with a volume of 16817 shares trading hands. The stock had previously closed at $83.16.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

The company’s fifty day moving average price is $81.87 and its 200-day moving average price is $81.68. The stock has a market cap of $3.21 billion, a P/E ratio of 28.77 and a beta of 1.12.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Financial Consulate Inc. purchased a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the third quarter valued at $25,000. Godfrey Financial Associates Inc. bought a new stake in iShares Morningstar Mid-Cap Growth ETF during the 4th quarter valued at $25,000. Quaker Wealth Management LLC lifted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 200.3% in the 2nd quarter. Quaker Wealth Management LLC now owns 336 shares of the company’s stock worth $27,000 after buying an additional 671 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 4th quarter worth $29,000. Finally, Dagco Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter valued at $30,000.

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.