iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) saw unusually-high trading volume on Tuesday . Approximately 252,132 shares traded hands during mid-day trading, an increase of 53% from the previous session’s volume of 164,389 shares.The stock last traded at $73.25 and had previously closed at $75.04.

iShares Morningstar Mid-Cap Growth ETF Trading Down 1.2 %

The company has a market cap of $2.56 billion, a PE ratio of 28.86 and a beta of 1.11. The stock has a 50 day moving average price of $77.85 and a 200 day moving average price of $75.71.

Institutional Trading of iShares Morningstar Mid-Cap Growth ETF

A number of hedge funds have recently modified their holdings of IMCG. JPMorgan Chase & Co. boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 30.9% in the third quarter. JPMorgan Chase & Co. now owns 21,394 shares of the company’s stock worth $1,561,000 after acquiring an additional 5,055 shares in the last quarter. Jane Street Group LLC bought a new position in shares of iShares Morningstar Mid-Cap Growth ETF during the third quarter valued at $1,995,000. FMR LLC boosted its stake in iShares Morningstar Mid-Cap Growth ETF by 21.6% in the 3rd quarter. FMR LLC now owns 11,341 shares of the company’s stock worth $828,000 after purchasing an additional 2,017 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of iShares Morningstar Mid-Cap Growth ETF during the fourth quarter valued at approximately $205,000. Finally, Blue Trust Inc. purchased a new position in iShares Morningstar Mid-Cap Growth ETF in the 4th quarter worth approximately $82,000.

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.