iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sets New 52-Week High – Still a Buy?

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $99.61 and last traded at $99.60, with a volume of 5146 shares traded. The stock had previously closed at $98.94.

iShares Morningstar Mid-Cap Growth ETF Trading Up 0.4%

The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 28.77 and a beta of 1.13. The firm’s 50 day moving average is $96.14 and its two-hundred day moving average is $88.57.

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

A number of institutional investors have recently modified their holdings of the company. Godfrey Financial Associates Inc. acquired a new stake in iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 4th quarter worth $29,000. Windsor Advisory Group LLC purchased a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth $31,000. Richards Merrill & Peterson Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth $41,000. Finally, Kingdom Financial Group LLC. purchased a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the fourth quarter valued at $42,000.

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.