iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) Sees Unusually-High Trading Volume – What’s Next?

iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) saw strong trading volume on Wednesday . 124,511 shares changed 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 Price Performance

The company has a market cap of $2.18 billion, a P/E ratio of 27.60 and a beta of 1.13. The stock’s 50-day moving average is $77.95 and its two-hundred day moving average is $73.01.

Institutional Trading of iShares Morningstar Mid-Cap Growth ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IMCG. Mayfair Advisory Group LLC increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 2.5% in the third quarter. Mayfair Advisory Group LLC now owns 5,806 shares of the company’s stock worth $423,000 after purchasing an additional 144 shares in the last quarter. Carnegie Investment Counsel increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 1.3% in the third quarter. Carnegie Investment Counsel now owns 14,329 shares of the company’s stock worth $1,046,000 after purchasing an additional 178 shares in the last quarter. Willner & Heller LLC increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 2.0% in the third quarter. Willner & Heller LLC now owns 9,576 shares of the company’s stock worth $699,000 after purchasing an additional 187 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 1.9% in the third quarter. First Horizon Advisors Inc. now owns 12,258 shares of the company’s stock worth $894,000 after purchasing an additional 232 shares in the last quarter. Finally, Means Investment CO. Inc. increased its stake in shares of iShares Morningstar Mid-Cap Growth ETF by 7.1% in the third quarter. Means Investment CO. Inc. now owns 4,599 shares of the company’s stock worth $336,000 after purchasing an additional 304 shares in the last quarter.

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.