iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sets New 52-Week High – What’s Next?

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $93.20 and last traded at $92.32, with a volume of 74761 shares. The stock had previously closed at $92.72.

iShares Morningstar Mid-Cap Growth ETF Trading Up 0.6%

The stock has a 50 day simple moving average of $85.88 and a 200-day simple moving average of $83.13. The firm has a market cap of $3.70 billion, a P/E ratio of 28.77 and a beta of 1.13.

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

A number of institutional investors and hedge funds have recently modified their holdings of IMCG. Godfrey Financial Associates Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 4th quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 4th quarter worth approximately $29,000. Dagco Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 4th quarter worth approximately $30,000. Windsor Advisory Group LLC purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter worth approximately $31,000. Finally, Fifth Third Bancorp purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter worth approximately $37,000.

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.