Rede Wealth LLC Makes New Investment in iShares Morningstar Mid-Cap ETF $IMCB

Rede Wealth LLC bought a new position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,357 shares of the company’s stock, valued at approximately $940,000. Rede Wealth LLC owned approximately 0.07% of iShares Morningstar Mid-Cap ETF as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IMCB. Means Investment CO. Inc. grew its position in iShares Morningstar Mid-Cap ETF by 28.8% in the third quarter. Means Investment CO. Inc. now owns 411,047 shares of the company’s stock worth $34,137,000 after acquiring an additional 91,994 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in iShares Morningstar Mid-Cap ETF in the third quarter worth approximately $6,748,000. Ameriprise Financial Inc. grew its position in iShares Morningstar Mid-Cap ETF by 51.5% in the third quarter. Ameriprise Financial Inc. now owns 172,546 shares of the company’s stock worth $14,329,000 after acquiring an additional 58,637 shares in the last quarter. Carnegie Investment Counsel grew its position in iShares Morningstar Mid-Cap ETF by 702.8% in the third quarter. Carnegie Investment Counsel now owns 55,676 shares of the company’s stock worth $4,624,000 after acquiring an additional 48,741 shares in the last quarter. Finally, RMG Wealth Management LLC grew its position in iShares Morningstar Mid-Cap ETF by 4.3% in the third quarter. RMG Wealth Management LLC now owns 1,129,819 shares of the company’s stock worth $93,679,000 after acquiring an additional 46,110 shares in the last quarter. 22.26% of the stock is owned by institutional investors.

iShares Morningstar Mid-Cap ETF Stock Up 1.2%

IMCB stock opened at $87.61 on Tuesday. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 58.02 and a beta of 1.01. iShares Morningstar Mid-Cap ETF has a 12 month low of $67.81 and a 12 month high of $88.81. The firm has a 50 day moving average of $85.75 and a two-hundred day moving average of $84.18.

About iShares Morningstar Mid-Cap ETF

The iShares Morningstar Mid-Cap ETF (IMCB) is an exchange-traded fund that is based on the Morningstar US Mid Cap index. The fund tracks a market cap-weighted index consisting of US mid-cap stocks with both growth and value characteristics. IMCB was launched on Jun 28, 2004 and is managed by BlackRock.