iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sees Unusually-High Trading Volume – Here’s Why

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) saw an uptick in trading volume on Friday . 368,913 shares were traded during trading, an increase of 161% from the previous session’s volume of 141,178 shares.The stock last traded at $87.20 and had previously closed at $85.67.

iShares Morningstar Mid-Cap Growth ETF Trading Up 1.7%

The company has a 50-day simple moving average of $81.91 and a 200 day simple moving average of $81.72. The company has a market cap of $3.42 billion, a P/E ratio of 28.77 and a beta of 1.13.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Financial Consulate Inc. purchased a new position in iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter worth about $25,000. Godfrey Financial Associates Inc. bought a new stake in iShares Morningstar Mid-Cap Growth ETF during the 4th quarter valued at about $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at about $29,000. Windsor Advisory Group LLC purchased a new stake in iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter valued at about $31,000. Finally, Dagco Inc. bought a new position in iShares Morningstar Mid-Cap Growth ETF in the 4th quarter worth about $30,000.

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.