Carnegie Investment Counsel Purchases New Position in iShares Morningstar Mid-Cap ETF $IMCB

Carnegie Investment Counsel purchased a new stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) in the 2nd quarter, HoldingsChannel reports. The fund purchased 6,935 shares of the company’s stock, valued at approximately $552,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in iShares Morningstar Mid-Cap ETF in the 2nd quarter valued at about $29,000. Principal Securities Inc. boosted its position in iShares Morningstar Mid-Cap ETF by 52.2% in the 1st quarter. Principal Securities Inc. now owns 408 shares of the company’s stock valued at $31,000 after buying an additional 140 shares during the last quarter. AE Wealth Management LLC boosted its position in iShares Morningstar Mid-Cap ETF by 306.0% in the 1st quarter. AE Wealth Management LLC now owns 682 shares of the company’s stock valued at $51,000 after buying an additional 514 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in shares of iShares Morningstar Mid-Cap ETF during the first quarter worth about $52,000. Finally, Silicon Valley Capital Partners bought a new position in shares of iShares Morningstar Mid-Cap ETF during the first quarter worth about $70,000. 22.26% of the stock is owned by hedge funds and other institutional investors.

iShares Morningstar Mid-Cap ETF Stock Performance

Shares of IMCB stock opened at $83.45 on Monday. iShares Morningstar Mid-Cap ETF has a one year low of $64.02 and a one year high of $83.95. The company’s 50-day simple moving average is $82.50 and its 200-day simple moving average is $79.17. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 55.26 and a beta of 1.07.

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.