iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Hits New 52-Week High – Time to Buy?

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCGGet Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $78.97 and last traded at $78.90, with a volume of 34151 shares changing hands. The stock had previously closed at $78.29.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

The firm has a market cap of $2.26 billion, a PE ratio of 27.60 and a beta of 1.13. The company’s 50-day simple moving average is $73.03 and its two-hundred day simple moving average is $70.02.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Concord Wealth Partners bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter worth about $75,000. M&R Capital Management Inc. increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 119.3% in the 3rd quarter. M&R Capital Management Inc. now owns 1,092 shares of the company’s stock worth $80,000 after acquiring an additional 594 shares in the last quarter. Beacon Capital Management LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 1st quarter worth about $109,000. Strategic Financial Concepts LLC increased its stake in shares of 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 worth $148,000 after acquiring an additional 215,237 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 2nd quarter worth about $174,000.

About iShares Morningstar Mid-Cap Growth ETF

(Get Free Report)

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.

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