iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sees Strong Trading Volume – Still a Buy?

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) shares saw an uptick in trading volume on Thursday. 132,731 shares traded hands during mid-day trading, an increase of 5% from the previous session’s volume of 126,748 shares. The stock last traded at $93.7060 and had previously closed at $93.89.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.5%

The firm has a market capitalization of $4.02 billion, a PE ratio of 28.77 and a beta of 1.12. The firm’s 50 day moving average price is $96.46 and its two-hundred day moving average price is $92.14.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PCA Investment Advisory Services Inc. boosted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 0.6% in the fourth quarter. PCA Investment Advisory Services Inc. now owns 21,085 shares of the company’s stock valued at $1,683,000 after acquiring an additional 132 shares in the last quarter. Unified Investment Management lifted its holdings in iShares Morningstar Mid-Cap Growth ETF by 3.3% in the 1st quarter. Unified Investment Management now owns 4,285 shares of the company’s stock valued at $338,000 after acquiring an additional 135 shares during the last quarter. Fermata Advisors LLC grew its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 2.7% in the 2nd quarter. Fermata Advisors LLC now owns 5,524 shares of the company’s stock worth $543,000 after purchasing an additional 146 shares during the last quarter. Truepoint Inc. raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 1.6% in the 4th quarter. Truepoint Inc. now owns 9,680 shares of the company’s stock worth $773,000 after purchasing an additional 148 shares in the last quarter. Finally, Signal Advisors Wealth LLC lifted its stake in iShares Morningstar Mid-Cap Growth ETF by 2.1% during the first quarter. Signal Advisors Wealth LLC now owns 9,518 shares of the company’s stock valued at $750,000 after purchasing an additional 200 shares during 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.