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

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

iShares Morningstar Mid-Cap Growth ETF Price Performance

The business has a fifty day moving average of $75.57 and a 200-day moving average of $71.18. The stock has a market cap of $2.34 billion, a PE ratio of 27.60 and a beta of 1.13.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Growth ETF

Hedge funds have recently modified their holdings of the business. Mayfair Advisory Group LLC grew its stake in iShares Morningstar Mid-Cap Growth ETF by 2.5% in the third quarter. Mayfair Advisory Group LLC now owns 5,806 shares of the company’s stock valued at $423,000 after purchasing an additional 144 shares during the last quarter. Roman Butler Fullerton & Co. raised its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 4.3% during the 2nd quarter. Roman Butler Fullerton & Co. now owns 3,611 shares of the company’s stock worth $245,000 after acquiring an additional 149 shares in the last quarter. Ameritas Advisory Services LLC raised its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 0.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 21,556 shares of the company’s stock worth $1,460,000 after acquiring an additional 157 shares in the last quarter. Carnegie Investment Counsel lifted its position in iShares Morningstar Mid-Cap Growth ETF by 1.3% during the third quarter. Carnegie Investment Counsel now owns 14,329 shares of the company’s stock valued at $1,046,000 after acquiring an additional 178 shares during the last quarter. Finally, Willner & Heller LLC boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 2.0% in the third quarter. Willner & Heller LLC now owns 9,576 shares of the company’s stock valued at $699,000 after acquiring an additional 187 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.