iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sees Strong Trading Volume – Still a Buy?

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) shares saw unusually-high trading volume on Thursday . Approximately 245,301 shares were traded during trading, an increase of 86% from the previous session’s volume of 131,575 shares.The stock last traded at $73.08 and had previously closed at $73.28.

iShares Morningstar Mid-Cap Growth ETF Stock Down 0.6 %

The company has a market cap of $2.48 billion, a price-to-earnings ratio of 26.48 and a beta of 1.13. The business has a fifty day simple moving average of $76.57 and a 200 day simple moving average of $75.97.

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

A number of institutional investors have recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 4th quarter worth $27,000. Rosenberg Matthew Hamilton purchased a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth about $34,000. Halbert Hargrove Global Advisors LLC purchased a new stake in iShares Morningstar Mid-Cap Growth ETF during the 4th quarter worth approximately $38,000. Synergy Investment Management LLC acquired a new stake in iShares Morningstar Mid-Cap Growth ETF in the fourth quarter valued at $74,000. Finally, Blue Trust Inc. acquired a new stake in iShares Morningstar Mid-Cap Growth ETF in the fourth quarter valued at $82,000.

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.