iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Hits New 1-Year High – Should You Buy?

Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) reached a new 52-week high on Wednesday . The company traded as high as $76.36 and last traded at $76.13, with a volume of 20406 shares trading hands. The stock had previously closed at $74.37.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

The stock has a market cap of $2.25 billion, a P/E ratio of 27.60 and a beta of 1.13. The company’s fifty day moving average price is $72.57 and its 200-day moving average price is $69.74.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Mayfair Advisory Group LLC grew its stake in iShares Morningstar Mid-Cap Growth ETF by 2.5% in the 3rd quarter. Mayfair Advisory Group LLC now owns 5,806 shares of the company’s stock worth $423,000 after acquiring an additional 144 shares in the last quarter. Roman Butler Fullerton & Co. grew its stake in iShares Morningstar Mid-Cap Growth ETF by 4.3% in the second quarter. Roman Butler Fullerton & Co. now owns 3,611 shares of the company’s stock worth $245,000 after purchasing an additional 149 shares in the last quarter. Ameritas Advisory Services LLC grew its stake in iShares Morningstar Mid-Cap Growth ETF by 0.7% in the second quarter. Ameritas Advisory Services LLC now owns 21,556 shares of the company’s stock worth $1,460,000 after purchasing an additional 157 shares in the last quarter. Carnegie Investment Counsel increased its holdings in iShares Morningstar Mid-Cap Growth ETF by 1.3% during the 3rd quarter. Carnegie Investment Counsel now owns 14,329 shares of the company’s stock worth $1,046,000 after purchasing an additional 178 shares during the period. Finally, Willner & Heller LLC raised its position in iShares Morningstar Mid-Cap Growth ETF by 2.0% during the 3rd quarter. Willner & Heller LLC now owns 9,576 shares of the company’s stock valued at $699,000 after purchasing an additional 187 shares in the last quarter.

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.