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

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $98.84 and last traded at $98.59, with a volume of 381359 shares trading hands. The stock had previously closed at $96.58.

iShares Morningstar Mid-Cap Growth ETF Stock Up 2.1%

The firm has a 50 day moving average of $95.73 and a 200 day moving average of $88.14. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 28.77 and a beta of 1.13.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Eagle Strategies LLC lifted its position in shares of iShares Morningstar Mid-Cap Growth ETF by 8.5% during the 4th quarter. Eagle Strategies LLC now owns 150,387 shares of the company’s stock valued at $12,007,000 after acquiring an additional 11,806 shares during the period. Faithward Advisors LLC boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 63.2% during the first quarter. Faithward Advisors LLC now owns 22,310 shares of the company’s stock worth $1,757,000 after acquiring an additional 8,639 shares in the last quarter. Certified Advisory Corp grew its holdings in iShares Morningstar Mid-Cap Growth ETF by 22.8% in the first quarter. Certified Advisory Corp now owns 97,866 shares of the company’s stock worth $7,709,000 after purchasing an additional 18,194 shares during the period. Summit Wealth Group LLC Co. acquired a new stake in iShares Morningstar Mid-Cap Growth ETF in the fourth quarter worth $2,556,000. Finally, Nations Financial Group Inc. IA ADV increased its stake in iShares Morningstar Mid-Cap Growth ETF by 7.3% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 129,827 shares of the company’s stock valued at $10,365,000 after purchasing an additional 8,822 shares in the last quarter.

iShares Morningstar Mid-Cap Growth ETF Company Profile

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.