iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Reaches New 52-Week High at $71.29

Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $71.29 and last traded at $71.14, with a volume of 8811 shares changing hands. The stock had previously closed at $70.79.

iShares Morningstar Mid-Cap Growth ETF Stock Down 0.3 %

The firm has a 50-day simple moving average of $69.06 and a 200-day simple moving average of $68.60. The stock has a market cap of $2.06 billion, a PE ratio of 27.60 and a beta of 1.13.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. grew its stake in iShares Morningstar Mid-Cap Growth ETF by 130,570.7% during the fourth quarter. Assetmark Inc. now owns 980,030 shares of the company’s stock valued at $63,163,000 after acquiring an additional 979,280 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 3.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 721,817 shares of the company’s stock worth $48,904,000 after purchasing an additional 23,442 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of iShares Morningstar Mid-Cap Growth ETF by 4.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 652,301 shares of the company’s stock worth $44,193,000 after buying an additional 28,973 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of iShares Morningstar Mid-Cap Growth ETF by 3.2% in the second quarter. Commonwealth Equity Services LLC now owns 564,291 shares of the company’s stock worth $38,231,000 after buying an additional 17,290 shares in the last quarter. Finally, UBS Group AG boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 0.4% during the fourth quarter. UBS Group AG now owns 497,644 shares of the company’s stock valued at $32,073,000 after buying an additional 2,018 shares during the period.

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.