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

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) shares reached a new 52-week high during trading on Thursday . The company traded as high as $84.35 and last traded at $84.09, with a volume of 73445 shares trading hands. The stock had previously closed at $83.47.

iShares Morningstar Mid-Cap Growth ETF Trading Down 0.6%

The stock’s 50 day moving average price is $82.45 and its 200 day moving average price is $81.84. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 28.77 and a beta of 1.12.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Consulate Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the third quarter worth $25,000. Godfrey Financial Associates Inc. acquired a new stake in iShares Morningstar Mid-Cap Growth ETF in the 4th quarter worth about $25,000. Quaker Wealth Management LLC boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 200.3% in the 2nd quarter. Quaker Wealth Management LLC now owns 336 shares of the company’s stock valued at $27,000 after purchasing an additional 671 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at about $29,000. Finally, Windsor Advisory Group LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the third quarter worth approximately $31,000.

About iShares Morningstar Mid-Cap Growth ETF

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.