iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Reaches New 52-Week High – Should You Buy?

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)’s stock price reached a new 52-week high on Friday . The stock traded as high as $84.17 and last traded at $83.8650, with a volume of 25313 shares changing hands. The stock had previously closed at $83.22.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.3%

The stock has a market cap of $3.25 billion, a P/E ratio of 28.77 and a beta of 1.12. The stock has a fifty day simple moving average of $82.03 and a 200-day simple moving average of $81.72.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Growth ETF

Several large investors have recently bought and sold shares of the company. Financial Consulate Inc. acquired a new stake in iShares Morningstar Mid-Cap Growth ETF in the third quarter worth $25,000. Godfrey Financial Associates Inc. bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at $25,000. Quaker Wealth Management LLC raised its stake in iShares Morningstar Mid-Cap Growth ETF by 200.3% during the 2nd quarter. Quaker Wealth Management LLC now owns 336 shares of the company’s stock worth $27,000 after buying an additional 671 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in iShares Morningstar Mid-Cap Growth ETF during the 4th quarter worth $29,000. Finally, Windsor Advisory Group LLC bought a new position in iShares Morningstar Mid-Cap Growth ETF during the third quarter worth about $31,000.

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.