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 stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $73.45 and last traded at $73.45, with a volume of 23951 shares traded. The stock had previously closed at $72.75.

iShares Morningstar Mid-Cap Growth ETF Price Performance

The company has a fifty day simple moving average of $70.31 and a two-hundred day simple moving average of $68.98. The company has a market capitalization of $2.14 billion, a P/E ratio of 27.60 and a beta of 1.13.

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

Several institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in iShares Morningstar Mid-Cap Growth ETF by 3.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 721,817 shares of the company’s stock valued at $48,904,000 after buying an additional 23,442 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in iShares Morningstar Mid-Cap Growth ETF by 4.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 652,301 shares of the company’s stock valued at $44,193,000 after buying an additional 28,973 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in iShares Morningstar Mid-Cap Growth ETF by 3.2% during the second quarter. Commonwealth Equity Services LLC now owns 564,291 shares of the company’s stock valued at $38,231,000 after buying an additional 17,290 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in iShares Morningstar Mid-Cap Growth ETF by 19.9% during the first quarter. Avantax Advisory Services Inc. now owns 398,204 shares of the company’s stock valued at $28,145,000 after buying an additional 65,978 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in iShares Morningstar Mid-Cap Growth ETF by 106.7% during the first quarter. Avior Wealth Management LLC now owns 367,047 shares of the company’s stock valued at $25,943,000 after buying an additional 189,430 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.