iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Reaches New 52-Week High – Here’s What Happened

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $98.25 and last traded at $98.18, with a volume of 2105 shares trading hands. The stock had previously closed at $97.93.

iShares Morningstar Mid-Cap ETF Trading Up 1.0%

The company’s 50-day simple moving average is $95.69 and its 200 day simple moving average is $90.14. The stock has a market cap of $1.69 billion, a P/E ratio of 65.50 and a beta of 0.98.

Institutional Trading of iShares Morningstar Mid-Cap ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC grew its holdings in iShares Morningstar Mid-Cap ETF by 3,833.4% during the fourth quarter. HighTower Advisors LLC now owns 1,846,327 shares of the company’s stock valued at $152,747,000 after purchasing an additional 1,799,387 shares during the period. Fortitude Financial LLC purchased a new position in shares of iShares Morningstar Mid-Cap ETF during the 4th quarter valued at $14,450,000. Creative Financial Designs Inc. ADV grew its stake in shares of iShares Morningstar Mid-Cap ETF by 6.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 179,442 shares of the company’s stock worth $14,845,000 after acquiring an additional 11,167 shares during the period. Kestra Advisory Services LLC grew its stake in shares of iShares Morningstar Mid-Cap ETF by 14.9% during 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 period. Finally, Northwest Wealth Advisors LLC bought a new stake in iShares Morningstar Mid-Cap ETF in the 4th quarter valued at about $9,761,000. 22.26% of the stock is 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.