Stratos Wealth Partners LTD. Acquires New Shares in iShares Morningstar Mid-Cap ETF $IMCB

Stratos Wealth Partners LTD. bought a new position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) in the third quarter, HoldingsChannel reports. The institutional investor bought 81,250 shares of the company’s stock, valued at approximately $6,748,000.

Other hedge funds have also recently modified their holdings of the company. Financial Gravity Companies Inc. bought a new position in shares of iShares Morningstar Mid-Cap ETF during the second quarter valued at $26,000. Capital Investment Advisory Services LLC raised its holdings in shares of iShares Morningstar Mid-Cap ETF by 245.8% during the third quarter. Capital Investment Advisory Services LLC now owns 332 shares of the company’s stock valued at $28,000 after purchasing an additional 236 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of iShares Morningstar Mid-Cap ETF during the second quarter valued at approximately $29,000. one8zero8 LLC bought a new position in iShares Morningstar Mid-Cap ETF during the third quarter valued at approximately $50,000. Finally, Archer Investment Corp boosted its holdings in iShares Morningstar Mid-Cap ETF by 242.4% in the second quarter. Archer Investment Corp now owns 1,099 shares of the company’s stock worth $88,000 after purchasing an additional 778 shares during the last quarter. Hedge funds and other institutional investors own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Trading Down 1.5%

Shares of IMCB opened at $86.46 on Friday. The firm has a fifty day simple moving average of $84.87 and a two-hundred day simple moving average of $83.06. The firm has a market cap of $1.47 billion, a PE ratio of 57.26 and a beta of 1.04. iShares Morningstar Mid-Cap ETF has a 1-year low of $64.02 and a 1-year high of $88.70.

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.