Concourse Financial Group Securities Inc. Has $800,000 Position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Concourse Financial Group Securities Inc. trimmed its stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,047 shares of the company’s stock after selling 334 shares during the quarter. Concourse Financial Group Securities Inc. owned about 0.08% of iShares Morningstar Mid-Cap ETF worth $800,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Glass Jacobson Investment Advisors llc raised its stake in shares of iShares Morningstar Mid-Cap ETF by 19.1% in 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 last quarter. Raymond James Financial Inc. bought a new stake in iShares Morningstar Mid-Cap ETF during the fourth quarter worth $26,324,000. Advisory Services Network LLC raised its position in iShares Morningstar Mid-Cap ETF by 144.3% in the 4th quarter. Advisory Services Network LLC now owns 13,210 shares of the company’s stock valued at $1,006,000 after buying an additional 7,803 shares during the last quarter. Wells Fargo & Company MN raised its position in iShares Morningstar Mid-Cap ETF by 4.6% in the 4th quarter. Wells Fargo & Company MN now owns 105,013 shares of the company’s stock valued at $7,997,000 after buying an additional 4,598 shares during the last quarter. Finally, World Investment Advisors boosted its holdings in iShares Morningstar Mid-Cap ETF by 1.6% during the 4th quarter. World Investment Advisors now owns 21,298 shares of the company’s stock worth $1,622,000 after acquiring an additional 327 shares during the last quarter. 22.26% of the stock is owned by institutional investors.

iShares Morningstar Mid-Cap ETF Price Performance

Shares of IMCB stock opened at $70.10 on Monday. The firm has a 50-day moving average of $74.01 and a 200-day moving average of $76.85. iShares Morningstar Mid-Cap ETF has a one year low of $64.02 and a one year high of $82.52. The company has a market cap of $837.70 million, a P/E ratio of 46.42 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.