iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sees Strong Trading Volume

Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) saw an uptick in trading volume on Tuesday . 147,346 shares changed hands during mid-day trading, an increase of 8% from the previous session’s volume of 136,825 shares.The stock last traded at $67.54 and had previously closed at $66.93.

iShares Morningstar Mid-Cap Growth ETF Price Performance

The firm’s 50-day simple moving average is $67.95 and its 200 day simple moving average is $67.98. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 27.60 and a beta of 1.13.

Institutional Trading of iShares Morningstar Mid-Cap Growth ETF

Several large investors have recently bought and sold shares of the business. Assetmark Inc. lifted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 130,570.7% in the fourth quarter. Assetmark Inc. now owns 980,030 shares of the company’s stock worth $63,163,000 after acquiring an additional 979,280 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in iShares Morningstar Mid-Cap Growth ETF by 4.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 652,301 shares of the company’s stock valued at $44,193,000 after purchasing an additional 28,973 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in iShares Morningstar Mid-Cap Growth ETF by 3.2% in the second quarter. Commonwealth Equity Services LLC now owns 564,291 shares of the company’s stock valued at $38,231,000 after buying an additional 17,290 shares in the last quarter. UBS Group AG grew its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 0.4% during the fourth quarter. UBS Group AG now owns 497,644 shares of the company’s stock worth $32,073,000 after buying an additional 2,018 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 1.2% during the fourth quarter. Wells Fargo & Company MN now owns 458,804 shares of the company’s stock worth $29,570,000 after buying an additional 5,528 shares during the last quarter.

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.