iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Hits New 1-Year High – What’s Next?

Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) hit a new 52-week high 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 Price Performance

The stock has a 50-day moving average price of $95.73 and a 200-day moving average price of $88.14. The company has a market capitalization of $4.07 billion, a P/E ratio of 28.77 and a beta of 1.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. PCA Investment Advisory Services Inc. boosted its stake in shares of 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 valued at $1,683,000 after purchasing an additional 132 shares during the last quarter. Unified Investment Management lifted its holdings in 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 valued at $338,000 after buying an additional 135 shares during the period. Russell Investments Group Ltd. lifted its holdings in 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 valued at $49,000 after buying an additional 139 shares during the period. Fermata Advisors LLC boosted its position in iShares Morningstar Mid-Cap Growth ETF by 2.7% during the second quarter. Fermata Advisors LLC now owns 5,524 shares of the company’s stock valued at $543,000 after acquiring an additional 146 shares during the last quarter. Finally, Truepoint Inc. boosted its position in iShares Morningstar Mid-Cap Growth ETF by 1.6% during the fourth quarter. Truepoint Inc. now owns 9,680 shares of the company’s stock valued at $773,000 after acquiring an additional 148 shares during 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.