iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sees Large Volume Increase – Time to Buy?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) saw unusually-high trading volume on Monday . Approximately 36,584 shares traded hands during mid-day trading, an increase of 13% from the previous session’s volume of 32,465 shares.The stock last traded at $74.43 and had previously closed at $73.76.

iShares Morningstar Mid-Cap ETF Stock Performance

The company’s fifty day moving average is $77.69 and its two-hundred day moving average is $77.40. The firm has a market cap of $891.83 million, a price-to-earnings ratio of 49.42 and a beta of 1.10.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Glass Jacobson Investment Advisors llc lifted its holdings in iShares Morningstar Mid-Cap ETF by 508.1% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 821 shares of the company’s stock worth $62,000 after buying an additional 686 shares in the last quarter. EPG Wealth Management LLC raised its holdings in iShares Morningstar Mid-Cap ETF by 26.2% in the fourth quarter. EPG Wealth Management LLC now owns 1,796 shares of the company’s stock valued at $137,000 after acquiring an additional 373 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in iShares Morningstar Mid-Cap ETF in the fourth quarter valued at $178,000. Mercer Global Advisors Inc. ADV bought a new position in iShares Morningstar Mid-Cap ETF during the 4th quarter valued at $201,000. Finally, Arete Wealth Advisors LLC acquired a new position in iShares Morningstar Mid-Cap ETF during the 3rd quarter worth $208,000. 22.26% of the stock is owned by institutional investors and hedge funds.

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.