iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Reaches New 12-Month High – Still a Buy?

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

iShares Morningstar Mid-Cap Growth ETF Stock Down 0.2%

The stock has a market capitalization of $3.23 billion, a PE ratio of 28.77 and a beta of 1.12. The firm’s fifty day moving average price is $81.83 and its two-hundred day moving average price is $81.67.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap Growth ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Ipsen Advisor Group LLC boosted its position in iShares Morningstar Mid-Cap Growth ETF by 0.5% in the fourth quarter. Ipsen Advisor Group LLC now owns 79,020 shares of the company’s stock worth $6,309,000 after purchasing an additional 374 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in shares of iShares Morningstar Mid-Cap Growth ETF by 4.1% during the 4th quarter. J.W. Cole Advisors Inc. now owns 12,373 shares of the company’s stock valued at $988,000 after purchasing an additional 484 shares during the last quarter. Vise Technologies Inc. bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 4th quarter worth approximately $1,018,000. Goldman Sachs Group Inc. boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 1.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 22,638 shares of the company’s stock worth $1,807,000 after buying an additional 294 shares during the last quarter. Finally, PCA Investment Advisory Services Inc. boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 0.6% in the fourth quarter. PCA Investment Advisory Services Inc. now owns 21,085 shares of the company’s stock worth $1,683,000 after buying an additional 132 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.