iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sets New 12-Month High – Should You Buy?

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) reached a new 52-week high during trading on Monday . The stock traded as high as $87.54 and last traded at $87.47, with a volume of 62544 shares traded. The stock had previously closed at $87.14.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.3%

The company’s 50 day simple moving average is $82.08 and its two-hundred day simple moving average is $81.77. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 28.77 and a beta of 1.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its stake in iShares Morningstar Mid-Cap Growth ETF by 256.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,873,288 shares of the company’s stock valued at $229,403,000 after buying an additional 2,068,305 shares during the last quarter. LPL Financial LLC increased its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 7.0% during the fourth quarter. LPL Financial LLC now owns 2,448,326 shares of the company’s stock valued at $195,474,000 after acquiring an additional 160,038 shares in the last quarter. Morgan Stanley increased its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 10.0% during the fourth quarter. Morgan Stanley now owns 1,149,360 shares of the company’s stock valued at $91,765,000 after acquiring an additional 104,588 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of iShares Morningstar Mid-Cap Growth ETF by 3.1% in the 3rd quarter. Raymond James Financial Inc. now owns 1,003,177 shares of the company’s stock valued at $82,993,000 after purchasing an additional 30,585 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 7.6% in the 4th quarter. Cetera Investment Advisers now owns 916,927 shares of the company’s stock worth $73,208,000 after purchasing an additional 64,943 shares in 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.