iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Hits New 1-Year High – Here’s What Happened

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCBGet Free Report) hit a new 52-week high on Friday . The company traded as high as $90.81 and last traded at $90.58, with a volume of 6784 shares traded. The stock had previously closed at $90.50.

iShares Morningstar Mid-Cap ETF Trading Down 0.1%

The company has a market capitalization of $1.56 billion, a PE ratio of 59.87 and a beta of 1.00. The business’s fifty day moving average is $86.33 and its two-hundred day moving average is $84.76.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Diversify Wealth Management LLC purchased a new position in iShares Morningstar Mid-Cap ETF in the 1st quarter worth approximately $756,000. Fifth Third Bancorp purchased a new position in iShares Morningstar Mid-Cap ETF in the 1st quarter worth approximately $551,000. Kestra Advisory Services LLC raised its holdings in iShares Morningstar Mid-Cap ETF by 14.9% in the 1st quarter. Kestra Advisory Services LLC now owns 117,073 shares of the company’s stock worth $9,767,000 after acquiring an additional 15,182 shares during the last quarter. Northwest Wealth Advisors LLC raised its holdings in iShares Morningstar Mid-Cap ETF by 21.3% in the 1st quarter. Northwest Wealth Advisors LLC now owns 143,117 shares of the company’s stock worth $11,940,000 after acquiring an additional 25,129 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in iShares Morningstar Mid-Cap ETF by 10.1% in the 1st quarter. Private Advisor Group LLC now owns 3,192 shares of the company’s stock worth $266,000 after acquiring an additional 293 shares during the last quarter. 22.26% of the stock is currently owned by hedge funds and other institutional investors.

About iShares Morningstar Mid-Cap ETF

(Get Free Report)

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.

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