iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sets New 52-Week High – Here’s What Happened

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $88.96 and last traded at $88.96, with a volume of 722 shares trading hands. The stock had previously closed at $87.97.

iShares Morningstar Mid-Cap ETF Price Performance

The firm has a market capitalization of $1.55 billion, a P/E ratio of 59.50 and a beta of 1.01. The stock has a fifty day simple moving average of $85.90 and a two-hundred day simple moving average of $84.28.

Institutional Trading of iShares Morningstar Mid-Cap ETF

Several hedge funds have recently modified their holdings of the stock. Olistico Wealth LLC bought a new stake in iShares Morningstar Mid-Cap ETF in the fourth quarter valued at $25,000. International Assets Investment Management LLC bought a new stake in iShares Morningstar Mid-Cap ETF in the 4th quarter valued at about $25,000. Capital Investment Advisory Services LLC raised its stake in iShares Morningstar Mid-Cap ETF by 245.8% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 332 shares of the company’s stock worth $28,000 after buying an additional 236 shares during the period. Blair William & Co. IL boosted its holdings in iShares Morningstar Mid-Cap ETF by 2,005.3% in the fourth quarter. Blair William & Co. IL now owns 400 shares of the company’s stock worth $33,000 after acquiring an additional 381 shares in the last quarter. Finally, Basepoint Wealth LLC bought a new position in iShares Morningstar Mid-Cap ETF in the fourth quarter worth approximately $40,000. Institutional investors own 22.26% of the company’s stock.

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.