iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Reaches New 12-Month High – Here’s Why

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $76.36 and last traded at $76.13, with a volume of 20406 shares changing hands. The stock had previously closed at $74.37.

iShares Morningstar Mid-Cap Growth ETF Trading Up 1.0 %

The business has a 50-day moving average price of $72.57 and a 200-day moving average price of $69.74. The stock has a market cap of $2.25 billion, a PE ratio of 27.60 and a beta of 1.13.

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

Hedge funds have recently made changes to their positions in the company. Mayfair Advisory Group LLC increased its position in shares of iShares Morningstar Mid-Cap Growth ETF by 2.5% during the third quarter. Mayfair Advisory Group LLC now owns 5,806 shares of the company’s stock worth $423,000 after purchasing an additional 144 shares in the last quarter. Roman Butler Fullerton & Co. lifted its holdings in iShares Morningstar Mid-Cap Growth ETF by 4.3% in the 2nd quarter. Roman Butler Fullerton & Co. now owns 3,611 shares of the company’s stock valued at $245,000 after purchasing an additional 149 shares in the last quarter. Ameritas Advisory Services LLC boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 0.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 21,556 shares of the company’s stock worth $1,460,000 after purchasing an additional 157 shares during the last quarter. Carnegie Investment Counsel grew its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 1.3% during the third quarter. Carnegie Investment Counsel now owns 14,329 shares of the company’s stock worth $1,046,000 after buying an additional 178 shares in the last quarter. Finally, Willner & Heller LLC raised its position in shares of iShares Morningstar Mid-Cap Growth ETF by 2.0% in the third quarter. Willner & Heller LLC now owns 9,576 shares of the company’s stock valued at $699,000 after buying an additional 187 shares during the last quarter.

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.