RMG Wealth Management LLC Acquires New Holdings in iShares Morningstar Mid-Cap ETF $IMCB

RMG Wealth Management LLC bought a new position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,284,701 shares of the company’s stock, valued at approximately $117,280,000. iShares Morningstar Mid-Cap ETF makes up about 14.0% of RMG Wealth Management LLC’s portfolio, making the stock its 3rd largest holding. RMG Wealth Management LLC owned 7.47% of iShares Morningstar Mid-Cap ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Olistico Wealth LLC acquired a new position in shares of iShares Morningstar Mid-Cap ETF during the 4th quarter valued at about $25,000. International Assets Investment Management LLC acquired a new stake in iShares Morningstar Mid-Cap ETF in the 4th quarter worth $25,000. Blair William & Co. IL raised its position in shares of 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 valued at $33,000 after buying an additional 381 shares during the last quarter. Basepoint Wealth LLC acquired a new position in shares of iShares Morningstar Mid-Cap ETF during the fourth quarter valued at about $40,000. Finally, Capital Investment Advisory Services LLC lifted its stake in shares of iShares Morningstar Mid-Cap ETF by 50.0% in the fourth 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. Institutional investors and hedge funds own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Stock Down 0.2%

IMCB stock opened at $96.30 on Friday. iShares Morningstar Mid-Cap ETF has a twelve month low of $78.89 and a twelve month high of $97.76. The company has a market cap of $1.64 billion, a PE ratio of 63.77 and a beta of 0.98. The business’s 50-day simple moving average is $94.79 and its 200 day simple moving average is $89.54.

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.