iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Hits New 1-Year High – What’s Next?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCBGet Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $96.93 and last traded at $96.93, with a volume of 3823 shares changing hands. The stock had previously closed at $96.56.

iShares Morningstar Mid-Cap ETF Stock Performance

The stock has a market capitalization of $1.68 billion, a P/E ratio of 64.52 and a beta of 0.99. The business has a fifty day simple moving average of $92.60 and a 200-day simple moving average of $87.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC raised its holdings in shares of iShares Morningstar Mid-Cap ETF by 3,833.4% during the fourth quarter. HighTower Advisors LLC now owns 1,846,327 shares of the company’s stock valued at $152,747,000 after purchasing an additional 1,799,387 shares during the period. RMG Wealth Management LLC acquired a new stake in shares of iShares Morningstar Mid-Cap ETF in the 1st quarter valued at about $117,280,000. Morgan Stanley grew its stake in shares of iShares Morningstar Mid-Cap ETF by 17.9% in the 4th quarter. Morgan Stanley now owns 1,501,549 shares of the company’s stock valued at $124,223,000 after buying an additional 228,216 shares during the period. Fortitude Financial LLC acquired a new position in iShares Morningstar Mid-Cap ETF during the 4th quarter worth approximately $14,450,000. Finally, Wells Fargo & Company MN boosted its holdings in iShares Morningstar Mid-Cap ETF by 148.4% in the fourth quarter. Wells Fargo & Company MN now owns 204,827 shares of the company’s stock worth $16,945,000 after acquiring an additional 122,352 shares in the last quarter. 22.26% of the stock is owned by institutional investors.

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.

Further Reading

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