iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Hits New 12-Month High – Here’s Why

Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $84.35 and last traded at $84.09, with a volume of 73445 shares changing hands. The stock had previously closed at $83.47.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 28.77 and a beta of 1.12. The firm’s 50-day moving average price is $82.28 and its two-hundred day moving average price is $81.79.

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

Several large investors have recently modified their holdings of IMCG. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 256.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,873,288 shares of the company’s stock worth $229,403,000 after buying an additional 2,068,305 shares in the last quarter. Rockport Wealth LLC bought a new stake in iShares Morningstar Mid-Cap Growth ETF in the second quarter valued at $32,494,000. Arax Advisory Partners acquired a new position in iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth $21,808,000. Fortitude Financial LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the second quarter valued at $13,485,000. Finally, LPL Financial LLC lifted 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 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.