iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sees Large Volume Increase – Here’s Why

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) saw unusually-high trading volume on Monday . Approximately 75,144 shares changed hands during mid-day trading, an increase of 192% from the previous session’s volume of 25,778 shares.The stock last traded at $81.91 and had previously closed at $82.03.

iShares Morningstar Mid-Cap ETF Trading Down 0.3 %

The stock has a market capitalization of $977.51 million, a P/E ratio of 54.13 and a beta of 0.98. The company has a 50-day moving average price of $77.69 and a 200 day moving average price of $73.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Townsquare Capital LLC grew its stake in iShares Morningstar Mid-Cap ETF by 7.4% during the 3rd quarter. Townsquare Capital LLC now owns 561,771 shares of the company’s stock worth $42,706,000 after buying an additional 38,563 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of iShares Morningstar Mid-Cap ETF by 1.0% during the second quarter. Commonwealth Equity Services LLC now owns 387,739 shares of the company’s stock worth $27,178,000 after acquiring an additional 3,930 shares during the last quarter. Raymond James & Associates grew its stake in shares of iShares Morningstar Mid-Cap ETF by 2.7% during the third quarter. Raymond James & Associates now owns 211,394 shares of the company’s stock worth $16,070,000 after acquiring an additional 5,479 shares during the last quarter. Steele Capital Management Inc. increased its holdings in shares of iShares Morningstar Mid-Cap ETF by 12.9% during the third quarter. Steele Capital Management Inc. now owns 174,807 shares of the company’s stock valued at $13,344,000 after acquiring an additional 19,922 shares in the last quarter. Finally, Matrix Trust Co raised its position in shares of iShares Morningstar Mid-Cap ETF by 12.9% in the 3rd quarter. Matrix Trust Co now owns 174,805 shares of the company’s stock valued at $13,289,000 after purchasing an additional 19,922 shares during the last quarter. Hedge funds and other institutional investors 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.