RMG Wealth Management LLC Makes New $117.28 Million Investment in iShares Morningstar Mid-Cap ETF $IMCB

RMG Wealth Management LLC purchased a new stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) during the 1st quarter, Holdings Channel.com reports. The fund purchased 1,284,701 shares of the company’s stock, valued at approximately $117,280,000. iShares Morningstar Mid-Cap ETF makes up 14.0% of RMG Wealth Management LLC’s investment portfolio, making the stock its 3rd largest holding. RMG Wealth Management LLC owned approximately 0.07% of iShares Morningstar Mid-Cap ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Cetera Investment Advisers lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 1.4% during the 1st quarter. Cetera Investment Advisers now owns 240,763 shares of the company’s stock worth $20,087,000 after acquiring an additional 3,280 shares during the period. Three Seasons Wealth LLC increased its stake in iShares Morningstar Mid-Cap ETF by 4.5% in the first quarter. Three Seasons Wealth LLC now owns 7,170 shares of the company’s stock valued at $598,000 after acquiring an additional 309 shares during the period. Geneos Wealth Management Inc. increased its stake in iShares Morningstar Mid-Cap ETF by 11.5% in the first quarter. Geneos Wealth Management Inc. now owns 8,944 shares of the company’s stock valued at $746,000 after acquiring an additional 925 shares during the period. Bedel Financial Consulting Inc. raised its position in iShares Morningstar Mid-Cap ETF by 11.0% in the first quarter. Bedel Financial Consulting Inc. now owns 59,645 shares of the company’s stock worth $4,976,000 after purchasing an additional 5,910 shares in the last quarter. Finally, Diversify Wealth Management LLC acquired a new position in iShares Morningstar Mid-Cap ETF in the first quarter worth about $756,000. Institutional investors and hedge funds own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Stock Down 0.2%

Shares of IMCB opened at $96.30 on Friday. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 63.77 and a beta of 0.98. iShares Morningstar Mid-Cap ETF has a 12 month low of $78.89 and a 12 month high of $97.76. The company has a 50-day moving average price of $94.79 and a two-hundred day moving average price of $89.54.

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.