iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Hits New 12-Month High – What’s Next?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)’s stock price hit a new 52-week high on Friday . The company traded as high as $92.31 and last traded at $92.06, with a volume of 5810 shares traded. The stock had previously closed at $91.32.

iShares Morningstar Mid-Cap ETF Stock Performance

The stock has a 50-day simple moving average of $87.39 and a two-hundred day simple moving average of $85.56. The firm has a market cap of $1.58 billion, a PE ratio of 61.01 and a beta of 1.00.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Edge Financial Advisors LLC increased its position 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 purchasing an additional 6,757 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of iShares Morningstar Mid-Cap ETF by 15.7% during 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 last quarter. Compound Planning Inc. purchased a new stake in shares of iShares Morningstar Mid-Cap ETF during the 3rd quarter valued at about $551,000. Stratos Wealth Partners LTD. increased its position in shares of iShares Morningstar Mid-Cap ETF by 69.4% during 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 last quarter. Finally, Truist Financial Corp increased its position in shares of iShares Morningstar Mid-Cap ETF by 26.4% during 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 last quarter. Hedge funds and other institutional investors own 22.26% of the company’s stock.

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.