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

Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $83.89 and last traded at $83.3720, with a volume of 19815 shares trading hands. The stock had previously closed at $83.14.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.5%

The stock has a market capitalization of $3.24 billion, a P/E ratio of 28.77 and a beta of 1.12. The company has a fifty day simple moving average of $80.98 and a two-hundred day simple moving average of $81.52.

Institutional Trading of iShares Morningstar Mid-Cap Growth ETF

A number of large investors have recently bought and sold shares of the business. Willner & Heller LLC increased its position in shares of iShares Morningstar Mid-Cap Growth ETF by 1.3% during the fourth quarter. Willner & Heller LLC now owns 10,180 shares of the company’s stock worth $813,000 after acquiring an additional 126 shares in the last quarter. Russell Investments Group Ltd. raised its position in iShares Morningstar Mid-Cap Growth ETF by 29.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 613 shares of the company’s stock valued at $49,000 after buying an additional 139 shares during the last quarter. BlueChip Wealth Advisors LLC lifted its stake in iShares Morningstar Mid-Cap Growth ETF by 2.7% in the 2nd quarter. BlueChip Wealth Advisors LLC now owns 5,689 shares of the company’s stock valued at $456,000 after acquiring an additional 150 shares in the last quarter. McAdam LLC boosted its position in iShares Morningstar Mid-Cap Growth ETF by 0.8% during the 3rd quarter. McAdam LLC now owns 19,715 shares of the company’s stock worth $1,631,000 after acquiring an additional 152 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 2.1% during the 3rd quarter. Park Avenue Securities LLC now owns 7,596 shares of the company’s stock worth $628,000 after acquiring an additional 153 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.