iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Hits New 52-Week High – What’s Next?

Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) hit a new 52-week high during trading on Wednesday . The company traded as high as $81.02 and last traded at $80.90, with a volume of 20523 shares traded. The stock had previously closed at $80.51.

iShares Morningstar Mid-Cap Growth ETF Price Performance

The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 27.60 and a beta of 1.13. The stock has a 50 day simple moving average of $75.57 and a two-hundred day simple moving average of $71.18.

Institutional Trading of iShares Morningstar Mid-Cap Growth ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IMCG. Concord Wealth Partners purchased a new position in iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth approximately $75,000. M&R Capital Management Inc. increased its stake in iShares Morningstar Mid-Cap Growth ETF by 119.3% in the third quarter. M&R Capital Management Inc. now owns 1,092 shares of the company’s stock valued at $80,000 after purchasing an additional 594 shares during the period. Strategic Financial Concepts LLC raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 6,375.5% in the second quarter. Strategic Financial Concepts LLC now owns 218,613 shares of the company’s stock valued at $148,000 after buying an additional 215,237 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the second quarter worth about $174,000. Finally, Voisard Asset Management Group Inc. acquired a new position in iShares Morningstar Mid-Cap Growth ETF in the 2nd quarter valued at about $190,000.

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.