HighTower Advisors LLC boosted its stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB – Free Report) by 3,833.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,846,327 shares of the company’s stock after acquiring an additional 1,799,387 shares during the quarter. HighTower Advisors LLC owned 0.11% of iShares Morningstar Mid-Cap ETF worth $152,747,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. Edge Financial Advisors LLC boosted its holdings in iShares Morningstar Mid-Cap ETF by 217.0% in the 3rd quarter. Edge Financial Advisors LLC now owns 9,871 shares of the company’s stock valued at $820,000 after purchasing an additional 6,757 shares during the period. Envestnet Asset Management Inc. boosted its holdings in iShares Morningstar Mid-Cap ETF by 15.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 77,757 shares of the company’s stock valued at $6,458,000 after purchasing an additional 10,553 shares during the period. Compound Planning Inc. bought a new position in iShares Morningstar Mid-Cap ETF in the 3rd quarter valued at $551,000. Stratos Wealth Partners LTD. boosted its holdings in iShares Morningstar Mid-Cap ETF by 69.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 137,663 shares of the company’s stock valued at $11,389,000 after purchasing an additional 56,413 shares during the period. Finally, Truist Financial Corp boosted its holdings in iShares Morningstar Mid-Cap ETF by 26.4% in the 3rd quarter. Truist Financial Corp now owns 29,336 shares of the company’s stock valued at $2,436,000 after purchasing an additional 6,127 shares during the period. Institutional investors own 22.26% of the company’s stock.
iShares Morningstar Mid-Cap ETF Price Performance
Shares of NYSEARCA:IMCB opened at $89.69 on Wednesday. The firm has a fifty day moving average price of $87.02 and a two-hundred day moving average price of $85.39. iShares Morningstar Mid-Cap ETF has a one year low of $75.45 and a one year high of $91.93. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 59.40 and a beta of 1.00.
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.
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