iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sets New 1-Year High – Still a Buy?

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)’s share price reached a new 52-week high on Thursday . The company traded as high as $79.01 and last traded at $79.01, with a volume of 66115 shares. The stock had previously closed at $77.85.

iShares Morningstar Mid-Cap Growth ETF Price Performance

The stock has a market cap of $2.28 billion, a P/E ratio of 27.60 and a beta of 1.13. The firm’s fifty day moving average price is $74.04 and its two-hundred day moving average price is $70.44.

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

A number of institutional investors have recently made changes to their positions in IMCG. TD Private Client Wealth LLC increased its stake in iShares Morningstar Mid-Cap Growth ETF by 4.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 10,913 shares of the company’s stock worth $796,000 after purchasing an additional 475 shares during the period. MML Investors Services LLC raised its stake in iShares Morningstar Mid-Cap Growth ETF by 4.8% in the third quarter. MML Investors Services LLC now owns 71,222 shares of the company’s stock worth $5,197,000 after buying an additional 3,246 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth approximately $1,995,000. Integrated Wealth Concepts LLC lifted its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 3.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 20,626 shares of the company’s stock valued at $1,505,000 after purchasing an additional 705 shares during the period. Finally, Hilltop Holdings Inc. lifted its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 6.0% in the 3rd quarter. Hilltop Holdings Inc. now owns 22,047 shares of the company’s stock valued at $1,609,000 after purchasing an additional 1,246 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.