Northwestern Mutual Wealth Management Co. Has $3.41 Million Stake in iShares Morningstar Mid-Cap ETF $IMCB

Northwestern Mutual Wealth Management Co. raised its position in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 19.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,254 shares of the company’s stock after acquiring an additional 6,597 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.24% of iShares Morningstar Mid-Cap ETF worth $3,413,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of IMCB. HighTower Advisors LLC lifted its stake in shares of iShares Morningstar Mid-Cap ETF by 3,833.4% in the 4th quarter. HighTower Advisors LLC now owns 1,846,327 shares of the company’s stock valued at $152,747,000 after purchasing an additional 1,799,387 shares during the period. UBS Group AG grew its stake in iShares Morningstar Mid-Cap ETF by 0.8% during the fourth quarter. UBS Group AG now owns 1,331,760 shares of the company’s stock worth $110,177,000 after purchasing an additional 10,355 shares during the period. Means Investment CO. Inc. increased its holdings in iShares Morningstar Mid-Cap ETF by 4.1% in the fourth quarter. Means Investment CO. Inc. now owns 428,013 shares of the company’s stock worth $35,410,000 after purchasing an additional 16,966 shares in the last quarter. Matrix Trust Co increased its holdings in iShares Morningstar Mid-Cap ETF by 1.2% in the fourth quarter. Matrix Trust Co now owns 189,190 shares of the company’s stock worth $15,652,000 after purchasing an additional 2,192 shares in the last quarter. Finally, Steele Capital Management Inc. lifted its stake in iShares Morningstar Mid-Cap ETF by 1.2% in the fourth quarter. Steele Capital Management Inc. now owns 189,190 shares of the company’s stock valued at $15,652,000 after buying an additional 2,190 shares during the period. 22.26% of the stock is currently owned by institutional investors and hedge funds.

iShares Morningstar Mid-Cap ETF Stock Performance

iShares Morningstar Mid-Cap ETF stock opened at $95.30 on Friday. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 63.11 and a beta of 0.99. iShares Morningstar Mid-Cap ETF has a 52-week low of $76.90 and a 52-week high of $95.44. The stock’s 50 day moving average price is $89.20 and its two-hundred day moving average price is $86.31.

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.