Truefg LLC acquired a new stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB – Free Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 8,123 shares of the company’s stock, valued at approximately $784,000. iShares Morningstar Mid-Cap ETF accounts for about 0.2% of Truefg LLC’s portfolio, making the stock its 27th biggest holding.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IMCB. RMG Wealth Management LLC acquired a new stake in iShares Morningstar Mid-Cap ETF during the 1st quarter worth $117,280,000. Sunburst Financial Group LLC grew its holdings in shares of iShares Morningstar Mid-Cap ETF by 9.5% during the second quarter. Sunburst Financial Group LLC now owns 241,685 shares of the company’s stock worth $23,337,000 after buying an additional 21,037 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of iShares Morningstar Mid-Cap ETF by 1.4% during the first quarter. Cetera Investment Advisers now owns 240,763 shares of the company’s stock worth $20,087,000 after buying an additional 3,280 shares in the last quarter. Matrix Trust Co grew its holdings in shares of iShares Morningstar Mid-Cap ETF by 0.9% during the second quarter. Matrix Trust Co now owns 191,562 shares of the company’s stock worth $18,497,000 after buying an additional 1,769 shares in the last quarter. Finally, Northwest Wealth Advisors LLC raised its position in shares of iShares Morningstar Mid-Cap ETF by 21.3% in the first quarter. Northwest Wealth Advisors LLC now owns 143,117 shares of the company’s stock valued at $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 Stock Up 0.2%
Shares of NYSEARCA IMCB opened at $97.50 on Wednesday. The firm has a 50-day simple moving average of $97.91 and a 200-day simple moving average of $94.40. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 64.57 and a beta of 0.99. iShares Morningstar Mid-Cap ETF has a 52 week low of $78.89 and a 52 week high of $101.37.
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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