iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB – Get Free Report) saw strong trading volume on Thursday . 106,657 shares changed hands during trading, an increase of 153% from the previous session’s volume of 42,139 shares.The stock last traded at $97.34 and had previously closed at $96.27.
iShares Morningstar Mid-Cap ETF Stock Up 0.1%
The company has a market cap of $1.65 billion, a P/E ratio of 64.32 and a beta of 0.98. The business has a fifty day simple moving average of $93.79 and a two-hundred day simple moving average of $88.68.
Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF
A number of institutional investors and hedge funds have recently made changes to their positions in IMCB. HighTower Advisors LLC increased its holdings in iShares Morningstar Mid-Cap ETF by 3,833.4% during the fourth quarter. HighTower Advisors LLC now owns 1,846,327 shares of the company’s stock valued at $152,747,000 after buying an additional 1,799,387 shares during the last quarter. RMG Wealth Management LLC purchased a new position in shares of iShares Morningstar Mid-Cap ETF during the 1st quarter worth $117,280,000. Morgan Stanley grew its position in shares of iShares Morningstar Mid-Cap ETF by 17.9% during the 4th quarter. Morgan Stanley now owns 1,501,549 shares of the company’s stock valued at $124,223,000 after acquiring an additional 228,216 shares during the period. Fortitude Financial LLC bought a new stake in shares of iShares Morningstar Mid-Cap ETF during the 4th quarter valued at $14,450,000. Finally, Wells Fargo & Company MN increased its stake in shares of iShares Morningstar Mid-Cap ETF by 148.4% in the 4th quarter. Wells Fargo & Company MN now owns 204,827 shares of the company’s stock worth $16,945,000 after purchasing an additional 122,352 shares in the last quarter. Hedge funds and other institutional investors own 22.26% of the company’s stock.
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.
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