iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Hits New 1-Year High – Here’s Why

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) hit a new 52-week high during trading on Thursday . The company traded as high as $98.01 and last traded at $97.92, with a volume of 15258 shares traded. The stock had previously closed at $96.41.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.6%

The company has a market cap of $3.84 billion, a PE ratio of 28.77 and a beta of 1.14. The business has a 50-day simple moving average of $91.24 and a 200-day simple moving average of $85.05.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Growth ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Godfrey Financial Associates Inc. acquired a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter valued at about $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at $29,000. Windsor Advisory Group LLC bought a new stake in iShares Morningstar Mid-Cap Growth ETF in the third quarter valued at $31,000. Dagco Inc. acquired a new position in iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth $30,000. Finally, Fifth Third Bancorp acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter valued at $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.