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

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $98.31 and last traded at $98.30, with a volume of 65499 shares. The stock had previously closed at $97.31.

iShares Morningstar Mid-Cap Growth ETF Stock Performance

The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 28.77 and a beta of 1.14. The business’s 50 day moving average is $92.15 and its 200-day moving average is $85.50.

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

Large investors have recently made changes to their positions in the business. Godfrey Financial Associates Inc. acquired a new stake in iShares Morningstar Mid-Cap Growth ETF in the 4th quarter valued at approximately $25,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter worth approximately $29,000. Dagco Inc. bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the fourth quarter valued at approximately $30,000. Windsor Advisory Group LLC bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the third quarter valued at approximately $31,000. Finally, Richards Merrill & Peterson Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the fourth quarter worth $41,000.

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.