Ellevest Inc. Takes Position in iShares Morningstar Mid-Cap ETF $IMCB

Ellevest Inc. acquired a new position in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,639 shares of the company’s stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sunburst Financial Group LLC lifted its stake in shares of iShares Morningstar Mid-Cap ETF by 2.8% during the second quarter. Sunburst Financial Group LLC now owns 107,230 shares of the company’s stock valued at $8,542,000 after acquiring an additional 2,958 shares during the period. Rede Wealth LLC increased its position in iShares Morningstar Mid-Cap ETF by 3.0% in the second quarter. Rede Wealth LLC now owns 10,445 shares of the company’s stock worth $832,000 after purchasing an additional 303 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in iShares Morningstar Mid-Cap ETF by 2,080.9% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 153,163 shares of the company’s stock worth $12,201,000 after purchasing an additional 146,140 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in iShares Morningstar Mid-Cap ETF by 31.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 67,204 shares of the company’s stock valued at $5,353,000 after purchasing an additional 16,247 shares during the period. Finally, Schneider Downs Wealth Management Advisors LP acquired a new position in iShares Morningstar Mid-Cap ETF during the 2nd quarter valued at about $323,000. 22.26% of the stock is owned by institutional investors and hedge funds.

iShares Morningstar Mid-Cap ETF Price Performance

Shares of NYSEARCA:IMCB opened at $82.21 on Friday. The company has a 50 day moving average of $82.58 and a 200-day moving average of $79.98. iShares Morningstar Mid-Cap ETF has a one year low of $64.02 and a one year high of $83.95. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 54.44 and a beta of 1.04.

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.