434,505 Shares in iShares Morningstar Mid-Cap ETF $IMCB Bought by Means Investment CO. Inc.

Means Investment CO. Inc. acquired a new stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 434,505 shares of the company’s stock, valued at approximately $41,052,000. iShares Morningstar Mid-Cap ETF comprises approximately 2.9% of Means Investment CO. Inc.’s investment portfolio, making the stock its 10th largest position.

Other large investors also recently bought and sold shares of the company. RMG Wealth Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap ETF during the first quarter valued at approximately $117,280,000. Sunburst Financial Group LLC boosted its stake in shares of iShares Morningstar Mid-Cap ETF by 9.5% in the second quarter. Sunburst Financial Group LLC now owns 241,685 shares of the company’s stock valued at $23,337,000 after purchasing an additional 21,037 shares during the period. Cetera Investment Advisers boosted its stake in shares of iShares Morningstar Mid-Cap ETF by 1.4% in the first quarter. Cetera Investment Advisers now owns 240,763 shares of the company’s stock valued at $20,087,000 after purchasing an additional 3,280 shares during the period. Steele Capital Management Inc. purchased a new position in shares of iShares Morningstar Mid-Cap ETF in the third quarter valued at $18,265,000. Finally, Matrix Trust Co acquired a new stake in iShares Morningstar Mid-Cap ETF during the 3rd quarter valued at $18,100,000. Institutional investors and hedge funds own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Stock Performance

IMCB opened at $95.56 on Monday. iShares Morningstar Mid-Cap ETF has a twelve month low of $78.89 and a twelve month high of $101.37. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 63.28 and a beta of 0.99. The company has a fifty day simple moving average of $97.06 and a 200 day simple moving average of $92.83.

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.