iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Reaches New 12-Month High – Here’s What Happened

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) reached a new 52-week high on Thursday . The stock traded as high as $77.78 and last traded at $77.47, with a volume of 1364 shares. The stock had previously closed at $77.51.

iShares Morningstar Mid-Cap ETF Trading Down 0.1 %

The firm has a market cap of $925.65 million, a price-to-earnings ratio of 51.33 and a beta of 0.98. The firm has a 50-day moving average of $74.24 and a two-hundred day moving average of $71.94.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF

Several large investors have recently made changes to their positions in IMCB. Good Life Advisors LLC raised its holdings in iShares Morningstar Mid-Cap ETF by 100.0% in the 3rd quarter. Good Life Advisors LLC now owns 10,152 shares of the company’s stock valued at $772,000 after acquiring an additional 5,076 shares in the last quarter. Matrix Trust Co raised its holdings in iShares Morningstar Mid-Cap ETF by 12.9% in the 3rd quarter. Matrix Trust Co now owns 174,805 shares of the company’s stock valued at $13,289,000 after acquiring an additional 19,922 shares in the last quarter. Atlas Private Wealth Advisors raised its holdings in iShares Morningstar Mid-Cap ETF by 21.8% in the 3rd quarter. Atlas Private Wealth Advisors now owns 7,556 shares of the company’s stock valued at $574,000 after acquiring an additional 1,352 shares in the last quarter. Axiom Advisory LLC raised its holdings in iShares Morningstar Mid-Cap ETF by 1.9% in the 3rd quarter. Axiom Advisory LLC now owns 12,033 shares of the company’s stock valued at $874,000 after acquiring an additional 220 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in iShares Morningstar Mid-Cap ETF by 12.1% in the 2nd quarter. Truist Financial Corp now owns 22,863 shares of the company’s stock valued at $1,603,000 after acquiring an additional 2,466 shares in the last quarter. Institutional investors and hedge funds 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.