iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sees Strong Trading Volume – Here’s Why

Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) saw unusually-high trading volume on Tuesday . Approximately 310,445 shares changed hands during trading, an increase of 160% from the previous session’s volume of 119,295 shares.The stock last traded at $98.77 and had previously closed at $96.58.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

The firm has a fifty day simple moving average of $95.85 and a 200 day simple moving average of $88.24. The company has a market capitalization of $4.03 billion, a PE ratio of 28.77 and a beta of 1.13.

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

Several hedge funds and other institutional investors have recently modified their holdings of IMCG. Jane Street Group LLC raised its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 40.3% in the first quarter. Jane Street Group LLC now owns 17,829 shares of the company’s stock worth $1,274,000 after purchasing an additional 5,123 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in iShares Morningstar Mid-Cap Growth ETF by 26.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 63,701 shares of the company’s stock worth $5,111,000 after buying an additional 13,500 shares during the period. Russell Investments Group Ltd. raised its position in iShares Morningstar Mid-Cap Growth ETF by 29.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 613 shares of the company’s stock worth $49,000 after buying an additional 139 shares during the last quarter. NewEdge Advisors LLC lifted its stake in iShares Morningstar Mid-Cap Growth ETF by 91.6% during the 2nd quarter. NewEdge Advisors LLC now owns 66,253 shares of the company’s stock valued at $5,315,000 after acquiring an additional 31,679 shares during the period. Finally, Diversify Wealth Management LLC boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 5.3% in the 2nd quarter. Diversify Wealth Management LLC now owns 40,603 shares of the company’s stock valued at $3,281,000 after acquiring an additional 2,030 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.