iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB – Get Free Report) shares saw strong trading volume on Friday . 64,709 shares changed hands during mid-day trading, an increase of 65% from the previous session’s volume of 39,306 shares.The stock last traded at $98.7240 and had previously closed at $99.04.
iShares Morningstar Mid-Cap ETF Stock Performance
The stock’s 50-day moving average is $98.13 and its 200 day moving average is $92.31. The stock has a market capitalization of $1.69 billion, a PE ratio of 65.44 and a beta of 0.98.
Institutional Trading of iShares Morningstar Mid-Cap ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in IMCB. Royal Bank of Canada grew its stake in iShares Morningstar Mid-Cap ETF by 0.8% during the 1st quarter. Royal Bank of Canada now owns 46,267 shares of the company’s stock worth $3,428,000 after buying an additional 369 shares during the last quarter. Creative Planning increased its position in iShares Morningstar Mid-Cap ETF by 13.9% during the second quarter. Creative Planning now owns 4,592 shares of the company’s stock worth $366,000 after buying an additional 562 shares during the period. JPMorgan Chase & Co. lifted its stake in iShares Morningstar Mid-Cap ETF by 4.0% in the second quarter. JPMorgan Chase & Co. now owns 25,892 shares of the company’s stock valued at $2,063,000 after buying an additional 993 shares during the last quarter. Bank of America Corp DE lifted its stake in iShares Morningstar Mid-Cap ETF by 3.3% in the second quarter. Bank of America Corp DE now owns 92,496 shares of the company’s stock valued at $7,368,000 after buying an additional 2,983 shares during the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of iShares Morningstar Mid-Cap ETF by 1.1% in the second quarter. MML Investors Services LLC now owns 121,599 shares of the company’s stock valued at $9,687,000 after acquiring an additional 1,298 shares during the period. Institutional investors and hedge funds own 22.26% of the company’s stock.
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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