iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Reaches New 52-Week High – Here’s What Happened

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $91.42 and last traded at $91.28, with a volume of 7188 shares trading hands. The stock had previously closed at $90.51.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.9%

The stock has a market cap of $3.62 billion, a PE ratio of 28.77 and a beta of 1.13. The firm has a 50 day moving average price of $84.63 and a 200 day moving average price of $82.74.

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

Institutional investors have recently made changes to their positions in the company. Allegheny Financial Group increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 17.0% during the third quarter. Allegheny Financial Group now owns 149,820 shares of the company’s stock valued at $12,395,000 after buying an additional 21,765 shares during the period. Eagle Strategies LLC increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 8.5% during the fourth quarter. Eagle Strategies LLC now owns 150,387 shares of the company’s stock valued at $12,007,000 after buying an additional 11,806 shares during the period. Cornerstone Planning Group LLC increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 2.0% during the third quarter. Cornerstone Planning Group LLC now owns 361,000 shares of the company’s stock valued at $29,432,000 after buying an additional 6,914 shares during the period. Leo Wealth LLC purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter valued at $2,863,000. Finally, Marino Stram & Associates LLC increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 11.3% during the fourth quarter. Marino Stram & Associates LLC now owns 63,437 shares of the company’s stock valued at $5,065,000 after buying an additional 6,435 shares during the period.

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.