iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Hits New 52-Week Low – Here’s What Happened

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) shares hit a new 52-week low on Monday . The company traded as low as $61.65 and last traded at $63.90, with a volume of 210236 shares trading hands. The stock had previously closed at $64.83.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

The stock has a market capitalization of $2.25 billion, a P/E ratio of 26.17 and a beta of 1.14. The firm has a fifty day moving average price of $75.11 and a two-hundred day moving average price of $75.97.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 15.1% during the 4th quarter. Ameriprise Financial Inc. now owns 1,393,915 shares of the company’s stock valued at $105,290,000 after purchasing an additional 182,639 shares during the period. LPL Financial LLC grew its position in iShares Morningstar Mid-Cap Growth ETF by 20.6% during the fourth quarter. LPL Financial LLC now owns 1,189,592 shares of the company’s stock valued at $89,850,000 after buying an additional 203,055 shares during the period. Raymond James Financial Inc. purchased a new stake in iShares Morningstar Mid-Cap Growth ETF during the fourth quarter valued at approximately $68,262,000. Commonwealth Equity Services LLC raised its position in iShares Morningstar Mid-Cap Growth ETF by 29.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 609,856 shares of the company’s stock worth $46,062,000 after acquiring an additional 140,171 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 47.9% during the 4th quarter. Wells Fargo & Company MN now owns 572,389 shares of the company’s stock worth $43,233,000 after acquiring an additional 185,435 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.