iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Reaches New 12-Month High – Still a 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 $91.42 and last traded at $91.28, with a volume of 7188 shares. The stock had previously closed at $90.51.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.9%

The firm has a market capitalization of $3.62 billion, a PE ratio of 28.77 and a beta of 1.13. The firm’s fifty day simple moving average is $84.43 and its 200-day simple moving average is $82.67.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Willner & Heller LLC raised its holdings in iShares Morningstar Mid-Cap Growth ETF by 1.3% in the fourth quarter. Willner & Heller LLC now owns 10,180 shares of the company’s stock worth $813,000 after buying an additional 126 shares during the last quarter. PCA Investment Advisory Services Inc. raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 0.6% during the fourth quarter. PCA Investment Advisory Services Inc. now owns 21,085 shares of the company’s stock valued at $1,683,000 after purchasing an additional 132 shares during the last quarter. Unified Investment Management raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 3.3% during the first quarter. Unified Investment Management now owns 4,285 shares of the company’s stock valued at $338,000 after purchasing an additional 135 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 29.3% during the second quarter. Russell Investments Group Ltd. now owns 613 shares of the company’s stock valued at $49,000 after purchasing an additional 139 shares during the last quarter. Finally, Truepoint Inc. raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 1.6% during the fourth quarter. Truepoint Inc. now owns 9,680 shares of the company’s stock valued at $773,000 after purchasing an additional 148 shares during 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.