iShares Morningstar Mid-Cap ETF $IMCB is Means Investment CO. Inc.’s 10th Largest Position

Means Investment CO. Inc. raised its stake in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 5.3% in the second quarter, Holdings Channel reports. The institutional investor owned 319,053 shares of the company’s stock after buying an additional 16,126 shares during the quarter. iShares Morningstar Mid-Cap ETF comprises about 2.4% of Means Investment CO. Inc.’s portfolio, making the stock its 10th biggest position. Means Investment CO. Inc.’s holdings in iShares Morningstar Mid-Cap ETF were worth $25,416,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of IMCB. Farther Finance Advisors LLC grew its stake in iShares Morningstar Mid-Cap ETF by 282.1% during the first quarter. Farther Finance Advisors LLC now owns 2,950 shares of the company’s stock valued at $219,000 after acquiring an additional 2,178 shares in the last quarter. Steele Capital Management Inc. grew its position in shares of iShares Morningstar Mid-Cap ETF by 0.3% during the 1st quarter. Steele Capital Management Inc. now owns 174,787 shares of the company’s stock valued at $12,949,000 after purchasing an additional 585 shares in the last quarter. Financial Perspectives Inc grew its position in shares of iShares Morningstar Mid-Cap ETF by 18.7% during the 1st quarter. Financial Perspectives Inc now owns 5,895 shares of the company’s stock valued at $437,000 after purchasing an additional 927 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of iShares Morningstar Mid-Cap ETF during the 1st quarter valued at $247,000. Finally, PSI Advisors LLC purchased a new position in shares of iShares Morningstar Mid-Cap ETF during the 1st quarter valued at $49,000. Hedge funds and other institutional investors own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Price Performance

IMCB opened at $80.91 on Friday. iShares Morningstar Mid-Cap ETF has a one year low of $64.02 and a one year high of $83.95. The company has a fifty day moving average price of $82.14 and a 200-day moving average price of $78.29. The firm has a market capitalization of $1.19 billion, a P/E ratio of 53.58 and a beta of 1.07.

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.