iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sets New 12-Month High – Should You Buy?

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $85.27 and last traded at $84.93, with a volume of 5584 shares traded. The stock had previously closed at $84.66.

iShares Morningstar Mid-Cap Growth ETF Trading Up 0.7%

The company has a market capitalization of $3.36 billion, a PE ratio of 28.77 and a beta of 1.13. The business’s 50-day simple moving average is $81.57 and its 200-day simple moving average is $81.62.

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

Institutional investors have recently bought and sold shares of the business. American Trust purchased a new position in iShares Morningstar Mid-Cap Growth ETF during the 2nd quarter worth approximately $7,465,000. Eclectic Associates Inc. ADV grew its stake 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 purchasing an additional 72,568 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 1.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 623,801 shares of the company’s stock worth $51,607,000 after purchasing an additional 10,057 shares during the period. Fortitude Financial LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the 2nd quarter worth approximately $13,485,000. Finally, Bouvel Investment Partners LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth approximately $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.