iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Reaches New 52-Week High – Should You Buy?

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $84.17 and last traded at $83.8650, with a volume of 25313 shares changing hands. The stock had previously closed at $83.22.

iShares Morningstar Mid-Cap Growth ETF Price Performance

The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 28.77 and a beta of 1.12. The business has a fifty day moving average of $82.03 and a 200 day moving average of $81.72.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. American Trust acquired a new stake in iShares Morningstar Mid-Cap Growth ETF during the second quarter valued at approximately $7,465,000. Eclectic Associates Inc. ADV lifted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 114.0% during the 3rd quarter. Eclectic Associates Inc. ADV now owns 136,206 shares of the company’s stock worth $11,268,000 after buying an additional 72,568 shares during the period. Commonwealth Equity Services LLC boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 1.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 623,801 shares of the company’s stock valued at $51,607,000 after buying an additional 10,057 shares in the last quarter. Fortitude Financial LLC bought a new stake in iShares Morningstar Mid-Cap Growth ETF in the second quarter valued at $13,485,000. Finally, Bouvel Investment Partners LLC bought a new stake in iShares Morningstar Mid-Cap Growth ETF in the third quarter valued at $2,537,000.

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.