iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB – Get Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $96.81 and last traded at $96.65, with a volume of 10488 shares changing hands. The stock had previously closed at $95.53.
iShares Morningstar Mid-Cap ETF Price Performance
The stock’s fifty day simple moving average is $92.30 and its 200-day simple moving average is $87.73. The firm has a market cap of $1.65 billion, a PE ratio of 63.56 and a beta of 0.99.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of IMCB. HighTower Advisors LLC raised its holdings in shares of iShares Morningstar Mid-Cap ETF by 3,833.4% during the fourth quarter. HighTower Advisors LLC now owns 1,846,327 shares of the company’s stock valued at $152,747,000 after acquiring an additional 1,799,387 shares during the last quarter. Morgan Stanley raised its holdings in shares of iShares Morningstar Mid-Cap ETF by 17.9% during the 4th quarter. Morgan Stanley now owns 1,501,549 shares of the company’s stock worth $124,223,000 after acquiring an additional 228,216 shares during the period. UBS Group AG boosted its holdings in iShares Morningstar Mid-Cap ETF by 0.8% in the 4th quarter. UBS Group AG now owns 1,331,760 shares of the company’s stock valued at $110,177,000 after purchasing an additional 10,355 shares during the last quarter. RMG Wealth Management LLC acquired a new position in iShares Morningstar Mid-Cap ETF in the first quarter valued at approximately $117,280,000. Finally, Means Investment CO. Inc. lifted its stake in shares of iShares Morningstar Mid-Cap ETF by 4.1% in the 4th quarter. Means Investment CO. Inc. now owns 428,013 shares of the company’s stock valued at $35,410,000 after purchasing an additional 16,966 shares during the last quarter. Institutional investors and hedge funds 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.
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