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) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $73.45 and last traded at $73.45, with a volume of 23951 shares changing hands. The stock had previously closed at $72.75.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.7 %

The company has a 50 day moving average of $70.13 and a 200-day moving average of $68.92. The stock has a market capitalization of $2.12 billion, a P/E ratio of 27.60 and a beta of 1.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of IMCG. M&R Capital Management Inc. lifted its holdings in iShares Morningstar Mid-Cap Growth ETF by 253.0% in the first quarter. M&R Capital Management Inc. now owns 406 shares of the company’s stock worth $29,000 after acquiring an additional 291 shares during the last quarter. Concord Wealth Partners bought a new position in iShares Morningstar Mid-Cap Growth ETF during the 1st quarter worth $69,000. Sunbelt Securities Inc. lifted its stake in iShares Morningstar Mid-Cap Growth ETF by 300.7% in the first quarter. Sunbelt Securities Inc. now owns 1,098 shares of the company’s stock valued at $78,000 after buying an additional 824 shares during the last quarter. Beacon Capital Management LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the first quarter worth about $109,000. Finally, Strategic Financial Concepts LLC lifted its position in iShares Morningstar Mid-Cap Growth ETF by 6,375.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 218,613 shares of the company’s stock valued at $148,000 after purchasing an additional 215,237 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.