iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Hits New 52-Week High – Time to Buy?

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) shares reached a new 52-week high on Wednesday . The company traded as high as $78.97 and last traded at $78.90, with a volume of 34151 shares trading hands. The stock had previously closed at $78.29.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.1 %

The firm’s 50-day moving average price is $73.03 and its 200-day moving average price is $70.02. The company has a market cap of $2.26 billion, a P/E ratio of 27.60 and a beta of 1.13.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mayfair Advisory Group LLC boosted its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 2.5% in the 3rd quarter. Mayfair Advisory Group LLC now owns 5,806 shares of the company’s stock valued at $423,000 after purchasing an additional 144 shares in the last quarter. Roman Butler Fullerton & Co. boosted its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 4.3% in the 2nd quarter. Roman Butler Fullerton & Co. now owns 3,611 shares of the company’s stock valued at $245,000 after purchasing an additional 149 shares in the last quarter. Ameritas Advisory Services LLC boosted its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 0.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 21,556 shares of the company’s stock valued at $1,460,000 after purchasing an additional 157 shares in the last quarter. Carnegie Investment Counsel boosted its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 1.3% in the 3rd quarter. Carnegie Investment Counsel now owns 14,329 shares of the company’s stock valued at $1,046,000 after purchasing an additional 178 shares in the last quarter. Finally, Willner & Heller LLC boosted its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 2.0% in the 3rd quarter. Willner & Heller LLC now owns 9,576 shares of the company’s stock valued at $699,000 after purchasing an additional 187 shares in 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.