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

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $91.42 and last traded at $91.28, with a volume of 7188 shares trading hands. The stock had previously closed at $90.51.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

The company has a market capitalization of $3.62 billion, a PE ratio of 28.77 and a beta of 1.13. The business’s 50-day moving average is $84.43 and its 200-day moving average is $82.67.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Godfrey Financial Associates Inc. purchased a new position in iShares Morningstar Mid-Cap Growth ETF during the 4th quarter valued at about $25,000. Kohmann Bosshard Financial Services LLC purchased a new position in iShares Morningstar Mid-Cap Growth ETF in the fourth quarter worth about $29,000. Dagco Inc. purchased a new position in iShares Morningstar Mid-Cap Growth ETF in the fourth quarter worth about $30,000. Windsor Advisory Group LLC purchased a new position in iShares Morningstar Mid-Cap Growth ETF in the third quarter worth about $31,000. Finally, Fifth Third Bancorp purchased a new position in iShares Morningstar Mid-Cap Growth ETF in the third quarter worth about $37,000.

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.