iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sets New 1-Year High – What’s Next?

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $98.01 and last traded at $97.92, with a volume of 15258 shares traded. The stock had previously closed at $96.41.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

The firm’s 50-day simple moving average is $91.24 and its two-hundred day simple moving average is $85.05. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 28.77 and a beta of 1.14.

Institutional Trading of iShares Morningstar Mid-Cap Growth ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 256.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,873,288 shares of the company’s stock worth $229,403,000 after purchasing an additional 2,068,305 shares during the period. Baer Investment Advisory LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the 1st quarter valued at approximately $34,027,000. Arax Advisory Partners acquired a new position in iShares Morningstar Mid-Cap Growth ETF during the fourth quarter valued at approximately $21,808,000. Beam Wealth Advisors Inc. raised its holdings in iShares Morningstar Mid-Cap Growth ETF by 530.1% in the first quarter. Beam Wealth Advisors Inc. now owns 260,379 shares of the company’s stock worth $20,510,000 after purchasing an additional 219,053 shares during the period. Finally, LPL Financial LLC boosted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 7.0% during the fourth quarter. LPL Financial LLC now owns 2,448,326 shares of the company’s stock worth $195,474,000 after purchasing an additional 160,038 shares in the last quarter.

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.