Sunburst Financial Group LLC Has $23.34 Million Stake in iShares Morningstar Mid-Cap ETF $IMCB

Sunburst Financial Group LLC increased its holdings in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 9.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 241,685 shares of the company’s stock after acquiring an additional 21,037 shares during the quarter. iShares Morningstar Mid-Cap ETF comprises approximately 3.8% of Sunburst Financial Group LLC’s portfolio, making the stock its 9th biggest position. Sunburst Financial Group LLC owned 1.43% of iShares Morningstar Mid-Cap ETF worth $23,337,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in iShares Morningstar Mid-Cap ETF in the 4th quarter worth $25,000. Blair William & Co. IL lifted its holdings in iShares Morningstar Mid-Cap ETF by 2,005.3% in the fourth quarter. Blair William & Co. IL now owns 400 shares of the company’s stock worth $33,000 after buying an additional 381 shares during the period. Basepoint Wealth LLC purchased a new stake in iShares Morningstar Mid-Cap ETF in the fourth quarter worth about $40,000. Capital Investment Advisory Services LLC grew its holdings in shares of iShares Morningstar Mid-Cap ETF by 50.0% during the 4th quarter. Capital Investment Advisory Services LLC now owns 498 shares of the company’s stock worth $41,000 after acquiring an additional 166 shares during the period. Finally, UMB Bank n.a. purchased a new stake in iShares Morningstar Mid-Cap ETF in the fourth quarter worth $43,000. Institutional investors own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Trading Up 1.0%

IMCB opened at $99.69 on Friday. The stock has a fifty day simple moving average of $96.18 and a two-hundred day simple moving average of $90.48. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 66.02 and a beta of 0.99. iShares Morningstar Mid-Cap ETF has a 12-month low of $78.89 and a 12-month high of $99.88.

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.