iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Hits New 1-Year High at $71.29

Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) hit a new 52-week high 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 Price Performance

The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 27.60 and a beta of 1.13. The business’s 50-day simple moving average is $68.91 and its two-hundred day simple moving average is $68.57.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IMCG. Assetmark Inc. increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 130,570.7% in the fourth quarter. Assetmark Inc. now owns 980,030 shares of the company’s stock worth $63,163,000 after buying an additional 979,280 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in iShares Morningstar Mid-Cap Growth ETF by 6,375.5% during the second 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. Avior Wealth Management LLC increased its stake in iShares Morningstar Mid-Cap Growth ETF by 106.7% during the first quarter. Avior Wealth Management LLC now owns 367,047 shares of the company’s stock valued at $25,943,000 after purchasing an additional 189,430 shares during the last quarter. Cetera Investment Advisers increased its stake in iShares Morningstar Mid-Cap Growth ETF by 946.7% during the first quarter. Cetera Investment Advisers now owns 187,067 shares of the company’s stock valued at $13,222,000 after purchasing an additional 169,195 shares during the last quarter. Finally, Ethos Financial Group LLC bought a new stake in iShares Morningstar Mid-Cap Growth ETF during the first quarter valued at $8,433,000.

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.