iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sees Unusually-High Trading Volume – Here’s What Happened

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) saw unusually-strong trading volume on Monday . Approximately 253,818 shares traded hands during trading, an increase of 208% from the previous session’s volume of 82,403 shares.The stock last traded at $75.66 and had previously closed at $75.65.

iShares Morningstar Mid-Cap ETF Price Performance

The company has a market capitalization of $908.08 million, a P/E ratio of 50.32 and a beta of 0.98. The business has a 50-day moving average of $78.92 and a 200-day moving average of $75.42.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Private Advisor Group LLC grew its holdings in shares of iShares Morningstar Mid-Cap ETF by 125.9% in the second quarter. Private Advisor Group LLC now owns 7,130 shares of the company’s stock worth $500,000 after purchasing an additional 3,974 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of iShares Morningstar Mid-Cap ETF by 17.6% during the second quarter. Envestnet Asset Management Inc. now owns 46,181 shares of the company’s stock valued at $3,237,000 after acquiring an additional 6,900 shares in the last quarter. Financial Perspectives Inc boosted its holdings in shares of iShares Morningstar Mid-Cap ETF by 3.7% in the second quarter. Financial Perspectives Inc now owns 4,480 shares of the company’s stock valued at $314,000 after purchasing an additional 159 shares during the period. Pitti Group Wealth Management LLC grew its stake in iShares Morningstar Mid-Cap ETF by 1.3% in the second quarter. Pitti Group Wealth Management LLC now owns 18,200 shares of the company’s stock worth $1,222,000 after purchasing an additional 228 shares in the last quarter. Finally, Matrix Private Capital Group LLC increased its holdings in iShares Morningstar Mid-Cap ETF by 12.0% during the 2nd quarter. Matrix Private Capital Group LLC now owns 2,664 shares of the company’s stock worth $187,000 after purchasing an additional 285 shares during the period. 22.26% of the stock is currently owned by hedge funds and other institutional investors.

iShares Morningstar Mid-Cap ETF Company 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.