Sowell Financial Services LLC Purchases 30,295 Shares of iShares Morningstar Mid-Cap ETF $IMCB

Sowell Financial Services LLC purchased a new stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 30,295 shares of the company’s stock, valued at approximately $2,862,000.

Other large investors also recently modified their holdings of the company. Barrett & Company Inc. purchased a new stake in iShares Morningstar Mid-Cap ETF during the 3rd quarter valued at approximately $309,000. Rede Wealth LLC raised its holdings in shares of iShares Morningstar Mid-Cap ETF by 1.1% during the 3rd quarter. Rede Wealth LLC now owns 12,179 shares of the company’s stock valued at $1,151,000 after buying an additional 128 shares during the period. Carnegie Investment Counsel acquired a new position in iShares Morningstar Mid-Cap ETF during the 3rd quarter worth $7,526,000. Fortitude Financial LLC raised its position in shares of iShares Morningstar Mid-Cap ETF by 18.2% during the 3rd quarter. Fortitude Financial LLC now owns 177,247 shares of the company’s stock valued at $16,746,000 after acquiring an additional 27,345 shares in the last quarter. Finally, Capital Square LLC bought a new position in shares of iShares Morningstar Mid-Cap ETF during the third quarter valued at approximately $283,000. 22.26% of the stock is owned by hedge funds and other institutional investors.

iShares Morningstar Mid-Cap ETF Stock Down 1.2%

Shares of NYSEARCA IMCB opened at $97.85 on Friday. The stock has a market cap of $1.74 billion, a P/E ratio of 64.80 and a beta of 0.99. The firm’s 50-day simple moving average is $97.32 and its 200 day simple moving average is $92.54. iShares Morningstar Mid-Cap ETF has a fifty-two week low of $78.89 and a fifty-two week high of $101.37.

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.