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

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $98.31 and last traded at $98.30, with a volume of 65499 shares. The stock had previously closed at $97.31.

iShares Morningstar Mid-Cap Growth ETF Trading Down 0.6%

The business’s fifty day simple moving average is $92.55 and its 200-day simple moving average is $85.73. The firm has a market cap of $3.95 billion, a P/E ratio of 28.77 and a beta of 1.12.

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

A number of large investors have recently modified their holdings of the company. Godfrey Financial Associates Inc. purchased a new stake in iShares Morningstar Mid-Cap Growth ETF in the 4th quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC bought a new position in iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at $29,000. Dagco Inc. bought a new position in iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at $30,000. Windsor Advisory Group LLC purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter valued at $31,000. Finally, Richards Merrill & Peterson Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 4th quarter valued at $41,000.

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.