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 Friday . 316,905 shares changed hands during mid-day trading, an increase of 98% from the previous session’s volume of 160,394 shares.The stock last traded at $67.40 and had previously closed at $67.05.

iShares Morningstar Mid-Cap Growth ETF Stock Up 0.5 %

The firm has a market cap of $1.98 billion, a PE ratio of 28.23 and a beta of 1.13. The business has a 50 day simple moving average of $68.58 and a two-hundred day simple moving average of $63.70.

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

Large investors have recently added to or reduced their stakes in the stock. M&R Capital Management Inc. lifted its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 253.0% in the 1st quarter. M&R Capital Management Inc. now owns 406 shares of the company’s stock worth $29,000 after buying an additional 291 shares during the period. Sheets Smith Wealth Management bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF in the third quarter valued at about $34,000. WASHINGTON TRUST Co purchased a new stake in iShares Morningstar Mid-Cap Growth ETF in the first quarter worth about $45,000. NBC Securities Inc. bought a new position in iShares Morningstar Mid-Cap Growth ETF during the 3rd quarter worth about $46,000. Finally, Sunbelt Securities Inc. increased its position in iShares Morningstar Mid-Cap Growth ETF by 300.7% during the 1st quarter. Sunbelt Securities Inc. now owns 1,098 shares of the company’s stock valued at $78,000 after purchasing an additional 824 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.