iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Hits New 12-Month High – Here’s What Happened

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)’s stock price reached a new 52-week high on Monday . The company traded as high as $97.00 and last traded at $96.74, with a volume of 14818 shares. The stock had previously closed at $94.57.

iShares Morningstar Mid-Cap Growth ETF Stock Down 0.8%

The stock’s 50-day simple moving average is $89.56 and its two-hundred day simple moving average is $84.39. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 28.77 and a beta of 1.14.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Growth ETF

Several institutional investors have recently bought and sold shares of the company. Willner & Heller LLC boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 1.3% in the 4th quarter. Willner & Heller LLC now owns 10,180 shares of the company’s stock worth $813,000 after buying an additional 126 shares during the last quarter. PCA Investment Advisory Services Inc. boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 0.6% in the 4th quarter. PCA Investment Advisory Services Inc. now owns 21,085 shares of the company’s stock worth $1,683,000 after buying an additional 132 shares during the last quarter. Unified Investment Management lifted its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 3.3% in the first quarter. Unified Investment Management now owns 4,285 shares of the company’s stock worth $338,000 after buying an additional 135 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 29.3% in the second quarter. Russell Investments Group Ltd. now owns 613 shares of the company’s stock worth $49,000 after buying an additional 139 shares in the last quarter. Finally, Truepoint Inc. lifted its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 1.6% in the fourth quarter. Truepoint Inc. now owns 9,680 shares of the company’s stock worth $773,000 after buying an additional 148 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.