iShares Morningstar Mid-Cap ETF $IMCB Stake Boosted by Truist Financial Corp

Truist Financial Corp lifted its stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 26.4% during the third quarter, HoldingsChannel reports. The fund owned 29,336 shares of the company’s stock after purchasing an additional 6,127 shares during the quarter. Truist Financial Corp’s holdings in iShares Morningstar Mid-Cap ETF were worth $2,436,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of IMCB. Yarger Wealth Strategies LLC grew its stake in iShares Morningstar Mid-Cap ETF by 0.3% in the third quarter. Yarger Wealth Strategies LLC now owns 69,153 shares of the company’s stock valued at $5,743,000 after purchasing an additional 189 shares in the last quarter. Edge Financial Advisors LLC lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 217.0% during the 3rd quarter. Edge Financial Advisors LLC now owns 9,871 shares of the company’s stock valued at $820,000 after buying an additional 6,757 shares during the last quarter. RMG Wealth Management LLC grew its stake in shares of iShares Morningstar Mid-Cap ETF by 4.3% in the 3rd quarter. RMG Wealth Management LLC now owns 1,129,819 shares of the company’s stock valued at $93,679,000 after buying an additional 46,110 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of iShares Morningstar Mid-Cap ETF in the 3rd quarter valued at approximately $301,000. Finally, Steele Capital Management Inc. increased its holdings in iShares Morningstar Mid-Cap ETF by 5.5% in the third quarter. Steele Capital Management Inc. now owns 187,000 shares of the company’s stock worth $15,530,000 after buying an additional 9,783 shares during the last quarter. Institutional investors and hedge funds own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Stock Performance

Shares of IMCB opened at $87.23 on Friday. The firm has a market cap of $1.49 billion, a PE ratio of 57.77 and a beta of 1.04. The firm’s 50 day moving average price is $84.51 and its 200 day moving average price is $82.90. iShares Morningstar Mid-Cap ETF has a twelve month low of $64.02 and a twelve month high of $87.26.

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.