iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sees Large Volume Increase – Here’s What Happened

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) shares saw unusually-high trading volume on Thursday . Approximately 70,579 shares changed hands during mid-day trading, an increase of 162% from the previous session’s volume of 26,942 shares.The stock last traded at $75.85 and had previously closed at $76.15.

iShares Morningstar Mid-Cap ETF Trading Up 1.2 %

The business has a 50-day moving average price of $78.86 and a two-hundred day moving average price of $75.13. The firm has a market capitalization of $920.63 million, a price-to-earnings ratio of 51.02 and a beta of 0.98.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF

Large investors have recently made changes to their positions in the business. Glass Jacobson Investment Advisors llc grew its stake in iShares Morningstar Mid-Cap ETF by 508.1% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 821 shares of the company’s stock valued at $62,000 after buying an additional 686 shares during the last quarter. Signaturefd LLC grew its holdings in shares of iShares Morningstar Mid-Cap ETF by 12.1% during the third quarter. Signaturefd LLC now owns 1,453 shares of the company’s stock worth $110,000 after purchasing an additional 157 shares during the last quarter. Matrix Private Capital Group LLC increased its position in iShares Morningstar Mid-Cap ETF by 12.0% in the 2nd quarter. Matrix Private Capital Group LLC now owns 2,664 shares of the company’s stock valued at $187,000 after acquiring an additional 285 shares in the last quarter. Arete Wealth Advisors LLC bought a new position in iShares Morningstar Mid-Cap ETF in the 3rd quarter worth approximately $208,000. Finally, Norden Group LLC acquired a new stake in shares of iShares Morningstar Mid-Cap ETF during the 2nd quarter worth approximately $240,000. Institutional investors own 22.26% of the company’s stock.

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.