iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Hits New 52-Week High – Still a Buy?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)’s share price hit a new 52-week high on Wednesday . The company traded as high as $96.93 and last traded at $96.93, with a volume of 3823 shares changing hands. The stock had previously closed at $96.56.

iShares Morningstar Mid-Cap ETF Stock Performance

The firm’s 50-day simple moving average is $92.88 and its 200-day simple moving average is $88.13. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 64.21 and a beta of 0.98.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap ETF

A number of institutional investors have recently added to or reduced their stakes in IMCB. Olistico Wealth LLC bought a new stake in shares of iShares Morningstar Mid-Cap ETF during the fourth quarter valued at approximately $25,000. International Assets Investment Management LLC bought a new position in iShares Morningstar Mid-Cap ETF in the fourth quarter worth $25,000. Blair William & Co. IL boosted its stake in iShares Morningstar Mid-Cap ETF by 2,005.3% during the fourth quarter. Blair William & Co. IL now owns 400 shares of the company’s stock worth $33,000 after buying an additional 381 shares in the last quarter. Basepoint Wealth LLC bought a new stake in iShares Morningstar Mid-Cap ETF in the 4th quarter valued at $40,000. Finally, Capital Investment Advisory Services LLC increased its holdings in iShares Morningstar Mid-Cap ETF by 50.0% in the 4th quarter. Capital Investment Advisory Services LLC now owns 498 shares of the company’s stock valued at $41,000 after buying an additional 166 shares during the period. 22.26% of the stock is owned by institutional investors and hedge funds.

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.