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

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) reached a new 52-week high on Thursday . The company traded as high as $83.91 and last traded at $82.2310, with a volume of 24236 shares changing hands. The stock had previously closed at $83.49.

iShares Morningstar Mid-Cap Growth ETF Stock Down 1.0%

The business has a 50-day simple moving average of $81.38 and a two-hundred day simple moving average of $81.61. The stock has a market capitalization of $3.21 billion, a P/E ratio of 28.77 and a beta of 1.12.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bedel Financial Consulting Inc. grew its holdings in iShares Morningstar Mid-Cap Growth ETF by 2.7% during the 4th quarter. Bedel Financial Consulting Inc. now owns 159,323 shares of the company’s stock worth $12,720,000 after acquiring an additional 4,163 shares during the last quarter. Key Client Fiduciary Advisors LLC grew its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 9.3% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 9,721 shares of the company’s stock valued at $776,000 after purchasing an additional 825 shares during the last quarter. Richards Merrill & Peterson Inc. bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter valued at approximately $41,000. Chaney Capital Management Inc. increased its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 1.9% in the fourth quarter. Chaney Capital Management Inc. now owns 54,252 shares of the company’s stock valued at $4,331,000 after purchasing an additional 1,026 shares in the last quarter. Finally, Steele Capital Management Inc. raised its position in iShares Morningstar Mid-Cap Growth ETF by 0.7% in the 4th quarter. Steele Capital Management Inc. now owns 203,324 shares of the company’s stock worth $16,233,000 after purchasing an additional 1,484 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.