iShares Morningstar Mid-Cap ETF $IMCB Shares Newly Purchased by Matrix Trust Co

Matrix Trust Co acquired a new position in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 191,577 shares of the company’s stock, valued at approximately $18,100,000. iShares Morningstar Mid-Cap ETF comprises 2.7% of Matrix Trust Co’s holdings, making the stock its 14th biggest position. Matrix Trust Co owned about 1.09% of iShares Morningstar Mid-Cap ETF at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in iShares Morningstar Mid-Cap ETF by 1.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 81,961 shares of the company’s stock valued at $7,913,000 after purchasing an additional 860 shares during the period. IFP Advisors Inc boosted its position in shares of iShares Morningstar Mid-Cap ETF by 2.5% during the second quarter. IFP Advisors Inc now owns 5,216 shares of the company’s stock worth $504,000 after buying an additional 127 shares during the period. Compass Financial Management LLC bought a new position in iShares Morningstar Mid-Cap ETF in the 2nd quarter worth approximately $52,000. Capital Square LLC acquired a new stake in iShares Morningstar Mid-Cap ETF in the 2nd quarter valued at approximately $225,000. Finally, Sunburst Financial Group LLC raised its stake in iShares Morningstar Mid-Cap ETF by 9.5% during the 2nd quarter. Sunburst Financial Group LLC now owns 241,685 shares of the company’s stock valued at $23,337,000 after acquiring an additional 21,037 shares in the last quarter. 22.26% of the stock is currently owned by institutional investors.

iShares Morningstar Mid-Cap ETF Stock Performance

Shares of NYSEARCA:IMCB traded down $0.73 on Wednesday, hitting $96.46. The company’s stock had a trading volume of 16,782 shares, compared to its average volume of 39,636. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 63.88 and a beta of 0.99. The stock’s 50-day moving average is $97.98 and its two-hundred day moving average is $93.92. iShares Morningstar Mid-Cap ETF has a 12 month low of $78.89 and a 12 month high of $101.37.

iShares Morningstar Mid-Cap ETF 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.