iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $97.90 and last traded at $97.90, with a volume of 4595 shares traded. The stock had previously closed at $96.74.
iShares Morningstar Mid-Cap ETF Price Performance
The company has a market cap of $1.66 billion, a price-to-earnings ratio of 64.32 and a beta of 0.98. The stock has a 50-day moving average price of $94.93 and a 200 day moving average price of $89.63.
Institutional Trading of iShares Morningstar Mid-Cap ETF
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 worth $152,747,000 after acquiring an additional 1,799,387 shares during the period. RMG Wealth Management LLC bought a new stake in iShares Morningstar Mid-Cap ETF in the 1st quarter valued at $117,280,000. Morgan Stanley boosted its stake in 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 worth $124,223,000 after purchasing an additional 228,216 shares during the period. Fortitude Financial LLC acquired a new position in iShares Morningstar Mid-Cap ETF in the 4th quarter worth $14,450,000. Finally, Wells Fargo & Company MN boosted its stake in iShares Morningstar Mid-Cap ETF by 148.4% in the 4th quarter. Wells Fargo & Company MN now owns 204,827 shares of the company’s stock worth $16,945,000 after purchasing an additional 122,352 shares during the period. 22.26% of the stock is currently owned by institutional investors and hedge funds.
About iShares Morningstar Mid-Cap ETF
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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