Sunburst Financial Group LLC increased its position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB – Free Report) by 9.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,685 shares of the company’s stock after purchasing an additional 21,037 shares during the period. iShares Morningstar Mid-Cap ETF makes up approximately 3.8% of Sunburst Financial Group LLC’s holdings, making the stock its 9th biggest position. Sunburst Financial Group LLC’s holdings in iShares Morningstar Mid-Cap ETF were worth $23,337,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada increased its stake in iShares Morningstar Mid-Cap ETF by 0.8% during the 1st quarter. Royal Bank of Canada now owns 46,267 shares of the company’s stock valued at $3,428,000 after purchasing an additional 369 shares in the last quarter. Creative Planning lifted its stake in shares of iShares Morningstar Mid-Cap ETF by 13.9% in the second quarter. Creative Planning now owns 4,592 shares of the company’s stock worth $366,000 after buying an additional 562 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares Morningstar Mid-Cap ETF by 4.0% in the second quarter. JPMorgan Chase & Co. now owns 25,892 shares of the company’s stock worth $2,063,000 after buying an additional 993 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of iShares Morningstar Mid-Cap ETF by 3.3% during the second quarter. Bank of America Corp DE now owns 92,496 shares of the company’s stock valued at $7,368,000 after buying an additional 2,983 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in shares of iShares Morningstar Mid-Cap ETF by 1.1% during the second quarter. MML Investors Services LLC now owns 121,599 shares of the company’s stock valued at $9,687,000 after buying an additional 1,298 shares during the last quarter. 22.26% of the stock is owned by hedge funds and other institutional investors.
iShares Morningstar Mid-Cap ETF Stock Up 1.0%
Shares of IMCB opened at $99.69 on Friday. The company has a market capitalization of $1.70 billion, a P/E ratio of 66.02 and a beta of 0.99. The firm has a 50 day moving average of $96.18 and a 200 day moving average of $90.48. iShares Morningstar Mid-Cap ETF has a twelve month low of $78.89 and a twelve month high of $99.88.
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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