iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Reaches New 52-Week High – Still a Buy?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $88.11 and last traded at $87.79, with a volume of 35205 shares trading hands. The stock had previously closed at $87.59.

iShares Morningstar Mid-Cap ETF Price Performance

The company has a market cap of $1.50 billion, a price-to-earnings ratio of 58.14 and a beta of 1.04. The business’s fifty day moving average price is $84.80 and its 200 day moving average price is $83.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IMCB. Ameritas Advisory Services LLC acquired a new stake in iShares Morningstar Mid-Cap ETF during the 2nd quarter worth about $29,000. Janney Montgomery Scott LLC boosted its position in shares of iShares Morningstar Mid-Cap ETF by 4.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 11,659 shares of the company’s stock valued at $929,000 after purchasing an additional 510 shares in the last quarter. Carnegie Investment Counsel boosted its position in shares of iShares Morningstar Mid-Cap ETF by 702.8% during the 3rd quarter. Carnegie Investment Counsel now owns 55,676 shares of the company’s stock valued at $4,624,000 after purchasing an additional 48,741 shares in the last quarter. CWM LLC grew its stake in iShares Morningstar Mid-Cap ETF by 3.8% during the second quarter. CWM LLC now owns 13,933 shares of the company’s stock worth $1,110,000 after purchasing an additional 515 shares during the period. Finally, Avantax Advisory Services Inc. increased its holdings in iShares Morningstar Mid-Cap ETF by 1.1% in the second quarter. Avantax Advisory Services Inc. now owns 83,245 shares of the company’s stock worth $6,631,000 after purchasing an additional 890 shares in the last quarter. 22.26% of the stock is owned by institutional investors and hedge funds.

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.