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

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCBGet Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $93.41 and last traded at $93.41, with a volume of 5633 shares. The stock had previously closed at $92.79.

iShares Morningstar Mid-Cap ETF Stock Up 0.3%

The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 61.87 and a beta of 1.00. The business has a fifty day simple moving average of $88.29 and a two-hundred day simple moving average of $85.94.

Institutional Trading of iShares Morningstar Mid-Cap ETF

Institutional investors have recently bought and sold shares of the stock. Mullaney Keating & Wright Inc. grew its position in iShares Morningstar Mid-Cap ETF by 25.8% in the first quarter. Mullaney Keating & Wright Inc. now owns 3,810 shares of the company’s stock valued at $318,000 after acquiring an additional 781 shares during the period. Western Wealth Management LLC bought a new position in shares of iShares Morningstar Mid-Cap ETF during the first quarter valued at $134,000. Bank of America Corp DE boosted its stake in shares of iShares Morningstar Mid-Cap ETF by 3.5% in the 1st quarter. Bank of America Corp DE now owns 113,351 shares of the company’s stock valued at $9,457,000 after purchasing an additional 3,818 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of iShares Morningstar Mid-Cap ETF in the 1st quarter valued at $377,000. Finally, Matrix Private Capital Group LLC bought a new stake in shares of iShares Morningstar Mid-Cap ETF in the 1st quarter worth about $223,000. Institutional investors and hedge funds own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Company Profile

(Get Free Report)

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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