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

Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) hit a new 52-week high during trading on Thursday . The stock traded as high as $93.20 and last traded at $92.32, with a volume of 74761 shares traded. The stock had previously closed at $92.72.

iShares Morningstar Mid-Cap Growth ETF Price Performance

The firm’s 50-day moving average price is $85.37 and its 200 day moving average price is $82.97. The firm has a market cap of $3.66 billion, a P/E ratio of 28.77 and a beta of 1.13.

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

Large investors have recently modified their holdings of the stock. Godfrey Financial Associates Inc. bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth about $25,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth about $29,000. Windsor Advisory Group LLC bought a new position in iShares Morningstar Mid-Cap Growth ETF in the third quarter worth about $31,000. Dagco Inc. bought a new position in iShares Morningstar Mid-Cap Growth ETF in the fourth quarter worth about $30,000. Finally, Fifth Third Bancorp bought a new position in iShares Morningstar Mid-Cap Growth ETF in the third quarter worth about $37,000.

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.