iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB – Get Free Report)’s stock price traded down 0.8% during trading on Monday. The company traded as low as $95.00 and last traded at $95.24. 33,905 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 39,631 shares. The stock had previously closed at $95.97.
iShares Morningstar Mid-Cap ETF Stock Performance
The stock has a market cap of $1.67 billion, a PE ratio of 63.07 and a beta of 0.98. The company’s 50-day moving average price is $98.12 and its two-hundred day moving average price is $93.43.
Institutional Investors Weigh In On iShares Morningstar Mid-Cap ETF
A number of large investors have recently added to or reduced their stakes in IMCB. RMG Wealth Management LLC purchased a new position in shares of iShares Morningstar Mid-Cap ETF in the 1st quarter worth about $117,280,000. Sunburst Financial Group LLC raised its holdings in shares of iShares Morningstar Mid-Cap ETF by 9.5% during the 2nd quarter. Sunburst Financial Group LLC now owns 241,685 shares of the company’s stock valued at $23,337,000 after buying an additional 21,037 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of iShares Morningstar Mid-Cap ETF by 1.4% during the 1st quarter. Cetera Investment Advisers now owns 240,763 shares of the company’s stock valued at $20,087,000 after buying an additional 3,280 shares in the last quarter. Matrix Trust Co raised its holdings in shares of iShares Morningstar Mid-Cap ETF by 0.9% during the 2nd quarter. Matrix Trust Co now owns 191,562 shares of the company’s stock valued at $18,497,000 after buying an additional 1,769 shares in the last quarter. Finally, Northwest Wealth Advisors LLC lifted its position in iShares Morningstar Mid-Cap ETF by 21.3% in the 1st quarter. Northwest Wealth Advisors LLC now owns 143,117 shares of the company’s stock worth $11,940,000 after buying an additional 25,129 shares during the last quarter. Hedge funds and other institutional investors own 22.26% of the company’s stock.
iShares Morningstar Mid-Cap ETF Company Profile
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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