Marshall Financial Group LLC Decreases Stock Holdings in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Marshall Financial Group LLC cut its stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 79.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,221 shares of the company’s stock after selling 23,940 shares during the period. Marshall Financial Group LLC owned approximately 0.05% of iShares Morningstar Mid-Cap ETF worth $461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in IMCB. Glass Jacobson Investment Advisors llc raised its stake in iShares Morningstar Mid-Cap ETF by 19.1% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 978 shares of the company’s stock worth $74,000 after purchasing an additional 157 shares during the period. Global Wealth Strategies & Associates purchased a new stake in shares of iShares Morningstar Mid-Cap ETF during the 1st quarter valued at approximately $81,000. EPG Wealth Management LLC lifted its holdings in iShares Morningstar Mid-Cap ETF by 26.2% in the fourth quarter. EPG Wealth Management LLC now owns 1,796 shares of the company’s stock valued at $137,000 after acquiring an additional 373 shares during the last quarter. Synergy Investment Management LLC purchased a new position in iShares Morningstar Mid-Cap ETF in the fourth quarter worth approximately $178,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in iShares Morningstar Mid-Cap ETF during the fourth quarter worth $201,000. 22.26% of the stock is currently owned by hedge funds and other institutional investors.

iShares Morningstar Mid-Cap ETF Stock Down 1.1%

NYSEARCA:IMCB opened at $77.26 on Friday. iShares Morningstar Mid-Cap ETF has a 52 week low of $64.02 and a 52 week high of $82.52. The stock’s fifty day moving average is $74.49 and its two-hundred day moving average is $76.28. The company has a market capitalization of $923.26 million, a P/E ratio of 51.17 and a beta of 1.04.

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.