iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sees Large Volume Increase – Should You Buy?

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) shares saw an uptick in trading volume on Friday . 368,913 shares traded hands during mid-day trading, an increase of 161% from the previous session’s volume of 141,178 shares.The stock last traded at $87.20 and had previously closed at $85.67.

iShares Morningstar Mid-Cap Growth ETF Trading Up 1.7%

The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 28.77 and a beta of 1.13. The firm has a fifty day moving average price of $81.82 and a 200 day moving average price of $81.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 256.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,873,288 shares of the company’s stock worth $229,403,000 after acquiring an additional 2,068,305 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 7.0% in the 4th quarter. LPL Financial LLC now owns 2,448,326 shares of the company’s stock worth $195,474,000 after acquiring an additional 160,038 shares in the last quarter. Morgan Stanley lifted its holdings in iShares Morningstar Mid-Cap Growth ETF by 10.0% during the 4th quarter. Morgan Stanley now owns 1,149,360 shares of the company’s stock worth $91,765,000 after buying an additional 104,588 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in iShares Morningstar Mid-Cap Growth ETF by 3.1% during the 3rd quarter. Raymond James Financial Inc. now owns 1,003,177 shares of the company’s stock worth $82,993,000 after buying an additional 30,585 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in iShares Morningstar Mid-Cap Growth ETF by 7.6% during the 4th quarter. Cetera Investment Advisers now owns 916,927 shares of the company’s stock worth $73,208,000 after buying an additional 64,943 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.