iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sees Large Volume Increase – Here’s What Happened

Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) saw unusually-high trading volume on Wednesday . Approximately 124,511 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 107,760 shares.The stock last traded at $75.75 and had previously closed at $76.15.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.3 %

The firm’s 50 day simple moving average is $77.77 and its 200 day simple moving average is $72.91. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 27.60 and a beta of 1.13.

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

Several institutional investors have recently bought and sold shares of the stock. Concord Wealth Partners acquired a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter worth approximately $75,000. M&R Capital Management Inc. increased its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 119.3% in the third quarter. M&R Capital Management Inc. now owns 1,092 shares of the company’s stock valued at $80,000 after buying an additional 594 shares in the last quarter. Ellis Investment Partners LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter valued at $202,000. Foundations Investment Advisors LLC bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth $207,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of iShares Morningstar Mid-Cap Growth ETF in the 3rd quarter worth $220,000.

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.