iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) saw unusually-strong trading volume on Wednesday . Approximately 124,511 shares were traded during mid-day trading, an increase of 16% from the previous session’s volume of 107,760 shares.The stock last traded at $75.75 and had previously closed at $76.15.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

The company has a market cap of $2.21 billion, a P/E ratio of 27.60 and a beta of 1.13. The business’s 50-day moving average price is $77.77 and its 200 day moving average price is $72.91.

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

Several large investors have recently modified their holdings of the stock. Concord Wealth Partners bought a new position in iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter valued at about $75,000. M&R Capital Management Inc. grew its position in shares of 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 last quarter. Ellis Investment Partners LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the third quarter worth approximately $202,000. Foundations Investment Advisors LLC acquired a new stake in iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth approximately $207,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter valued at $220,000.

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.