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

Means Investment CO. Inc. raised its stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 319,053 shares of the company’s stock after purchasing an additional 16,126 shares during the quarter. iShares Morningstar Mid-Cap ETF accounts for about 2.4% of Means Investment CO. Inc.’s portfolio, making the stock its 10th biggest position. Means Investment CO. Inc. owned approximately 2.30% of iShares Morningstar Mid-Cap ETF worth $25,416,000 as of its most recent filing with the Securities & Exchange Commission.

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

iShares Morningstar Mid-Cap ETF Price Performance

Shares of IMCB stock opened at $80.91 on Friday. The firm has a 50-day moving average of $82.14 and a 200-day moving average of $78.29. The company has a market cap of $1.19 billion, a P/E ratio of 53.58 and a beta of 1.07. iShares Morningstar Mid-Cap ETF has a one year low of $64.02 and a one year high of $83.95.

iShares Morningstar Mid-Cap ETF 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.