Matrix Trust Co Buys 191,577 Shares of iShares Morningstar Mid-Cap ETF $IMCB

Matrix Trust Co purchased a new stake in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) during the 3rd quarter, Holdings Channel reports. The fund purchased 191,577 shares of the company’s stock, valued at approximately $18,100,000. iShares Morningstar Mid-Cap ETF makes up 2.7% of Matrix Trust Co’s holdings, making the stock its 14th largest position.

A number of other institutional investors have also recently bought and sold shares of IMCB. Envestnet Asset Management Inc. lifted its position in shares of iShares Morningstar Mid-Cap ETF by 1.1% in the second quarter. Envestnet Asset Management Inc. now owns 81,961 shares of the company’s stock worth $7,913,000 after purchasing an additional 860 shares in the last quarter. IFP Advisors Inc lifted its position in iShares Morningstar Mid-Cap ETF by 2.5% in the 2nd quarter. IFP Advisors Inc now owns 5,216 shares of the company’s stock worth $504,000 after buying an additional 127 shares in the last quarter. Compass Financial Management LLC acquired a new stake in shares of iShares Morningstar Mid-Cap ETF during the 2nd quarter valued at $52,000. Capital Square LLC purchased a new position in shares of iShares Morningstar Mid-Cap ETF during the 2nd quarter valued at $225,000. Finally, Sunburst Financial Group LLC increased its stake in shares of iShares Morningstar Mid-Cap ETF by 9.5% in the second quarter. Sunburst Financial Group LLC now owns 241,685 shares of the company’s stock worth $23,337,000 after acquiring an additional 21,037 shares during the last quarter. 22.26% of the stock is currently owned by institutional investors and hedge funds.

iShares Morningstar Mid-Cap ETF Price Performance

IMCB traded down $0.73 during trading on Wednesday, reaching $96.46. 16,782 shares of the stock traded hands, compared to its average volume of 39,636. The stock’s 50-day simple moving average is $97.98 and its two-hundred day simple moving average is $93.92. iShares Morningstar Mid-Cap ETF has a fifty-two week low of $78.89 and a fifty-two week high of $101.37. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 63.88 and a beta of 0.99.

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.