iShares Morningstar Mid-Cap ETF $IMCB Shares Purchased by Sunburst Financial Group LLC

Sunburst Financial Group LLC raised its position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,230 shares of the company’s stock after purchasing an additional 2,958 shares during the period. iShares Morningstar Mid-Cap ETF comprises about 1.9% of Sunburst Financial Group LLC’s investment portfolio, making the stock its 12th largest position. Sunburst Financial Group LLC owned about 0.77% of iShares Morningstar Mid-Cap ETF worth $8,542,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IMCB. Ameritas Advisory Services LLC purchased a new position in iShares Morningstar Mid-Cap ETF in the 2nd quarter valued at about $29,000. Principal Securities Inc. lifted its holdings in iShares Morningstar Mid-Cap ETF by 52.2% in the 1st quarter. Principal Securities Inc. now owns 408 shares of the company’s stock valued at $31,000 after purchasing an additional 140 shares in the last quarter. AE Wealth Management LLC lifted its holdings in iShares Morningstar Mid-Cap ETF by 306.0% in the 1st quarter. AE Wealth Management LLC now owns 682 shares of the company’s stock valued at $51,000 after purchasing an additional 514 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in iShares Morningstar Mid-Cap ETF in the 1st quarter valued at about $52,000. Finally, Silicon Valley Capital Partners purchased a new position in iShares Morningstar Mid-Cap ETF in the 1st quarter valued at about $70,000. 22.26% of the stock is currently owned by hedge funds and other institutional investors.

iShares Morningstar Mid-Cap ETF Trading Down 0.3%

NYSEARCA:IMCB opened at $82.35 on Tuesday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 54.54 and a beta of 1.04. The company’s 50-day moving average is $82.64 and its two-hundred day moving average is $79.78. iShares Morningstar Mid-Cap ETF has a 12-month low of $64.02 and a 12-month high of $83.95.

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.