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

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)’s share price hit a new 52-week high on Wednesday . The company traded as high as $98.31 and last traded at $98.30, with a volume of 65499 shares changing hands. The stock had previously closed at $97.31.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

The firm’s 50-day simple moving average is $92.15 and its 200-day simple moving average is $85.50. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 28.77 and a beta of 1.14.

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

A number of institutional investors have recently added to or reduced their stakes in IMCG. Jane Street Group LLC raised its holdings in iShares Morningstar Mid-Cap Growth ETF by 40.3% in the 1st quarter. Jane Street Group LLC now owns 17,829 shares of the company’s stock valued at $1,274,000 after acquiring an additional 5,123 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 26.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 63,701 shares of the company’s stock worth $5,111,000 after purchasing an additional 13,500 shares in the last quarter. Russell Investments Group Ltd. increased its position 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 period. NewEdge Advisors LLC raised its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 91.6% in the second quarter. NewEdge Advisors LLC now owns 66,253 shares of the company’s stock valued at $5,315,000 after purchasing an additional 31,679 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 5.3% in the second quarter. Diversify Wealth Management LLC now owns 40,603 shares of the company’s stock valued at $3,281,000 after purchasing an additional 2,030 shares in 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.