iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sets New 12-Month High – Time to Buy?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $78.61 and last traded at $78.36, with a volume of 621 shares traded. The stock had previously closed at $76.80.

iShares Morningstar Mid-Cap ETF Stock Up 0.7 %

The stock has a market cap of $952.03 million, a PE ratio of 52.41 and a beta of 0.98. The firm has a fifty day moving average of $75.59 and a 200 day moving average of $72.63.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Avion Wealth acquired a new position in shares of iShares Morningstar Mid-Cap ETF in the 2nd quarter valued at $45,000. Signaturefd LLC lifted its position in iShares Morningstar Mid-Cap ETF by 12.1% in the third quarter. Signaturefd LLC now owns 1,453 shares of the company’s stock valued at $110,000 after acquiring an additional 157 shares during the last quarter. Matrix Private Capital Group LLC boosted its stake in iShares Morningstar Mid-Cap ETF by 12.0% in the second quarter. Matrix Private Capital Group LLC now owns 2,664 shares of the company’s stock valued at $187,000 after acquiring an additional 285 shares in the last quarter. Norden Group LLC purchased a new position in shares of iShares Morningstar Mid-Cap ETF during the second quarter worth about $240,000. Finally, Tyler Stone Wealth Management increased its position in shares of iShares Morningstar Mid-Cap ETF by 100.0% during the third quarter. Tyler Stone Wealth Management now owns 4,186 shares of the company’s stock worth $318,000 after purchasing an additional 2,093 shares in the last quarter. 22.26% of the stock is currently owned by hedge funds and other institutional investors.

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.