iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sees Unusually-High Trading Volume – Time to Buy?

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) shares saw an uptick in trading volume on Monday . 233,542 shares traded hands during mid-day trading, an increase of 74% from the previous session’s volume of 134,448 shares.The stock last traded at $76.54 and had previously closed at $77.00.

iShares Morningstar Mid-Cap Growth ETF Price Performance

The company has a fifty day moving average price of $82.02 and a 200 day moving average price of $81.73. The company has a market capitalization of $2.95 billion, a P/E ratio of 28.77 and a beta of 1.12.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in IMCG. World Investment Advisors acquired a new stake in iShares Morningstar Mid-Cap Growth ETF in the fourth quarter worth $713,000. Monetary Solutions Ltd bought a new stake in iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at about $322,000. Axxcess Wealth Management LLC lifted its position in iShares Morningstar Mid-Cap Growth ETF by 3.3% in the 4th quarter. Axxcess Wealth Management LLC now owns 17,996 shares of the company’s stock valued at $1,437,000 after purchasing an additional 578 shares during the last quarter. NewEdge Advisors LLC boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 0.6% during the 4th quarter. NewEdge Advisors LLC now owns 66,430 shares of the company’s stock valued at $5,304,000 after purchasing an additional 414 shares during the period. Finally, Evolve Private Wealth LLC acquired a new position in iShares Morningstar Mid-Cap Growth ETF during the 4th quarter valued at about $558,000.

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.