iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sets New 1-Year High – Here’s Why

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $99.61 and last traded at $99.60, with a volume of 5146 shares. The stock had previously closed at $98.94.

iShares Morningstar Mid-Cap Growth ETF Price Performance

The firm has a market cap of $4.12 billion, a PE ratio of 28.77 and a beta of 1.13. The business has a 50-day moving average price of $96.30 and a two-hundred day moving average price of $88.80.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Compass Financial Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the second quarter valued at about $48,000. Trust Co. of Vermont purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 2nd quarter worth approximately $102,000. Wealthcare Advisory Partners LLC raised its position in shares of iShares Morningstar Mid-Cap Growth ETF by 4.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 11,571 shares of the company’s stock worth $1,137,000 after purchasing an additional 481 shares during the last quarter. First Bank & Trust raised its position in shares of iShares Morningstar Mid-Cap Growth ETF by 21.8% during the 2nd quarter. First Bank & Trust now owns 22,163 shares of the company’s stock worth $2,179,000 after purchasing an additional 3,964 shares during the last quarter. Finally, Key Client Fiduciary Advisors LLC lifted its stake in iShares Morningstar Mid-Cap Growth ETF by 8.5% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 10,660 shares of the company’s stock valued at $1,048,000 after buying an additional 835 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.