Pitti Group Wealth Management LLC Sells 473 Shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Pitti Group Wealth Management LLC reduced its stake in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,727 shares of the company’s stock after selling 473 shares during the period. iShares Morningstar Mid-Cap ETF accounts for approximately 1.4% of Pitti Group Wealth Management LLC’s portfolio, making the stock its 21st biggest holding. Pitti Group Wealth Management LLC owned 0.15% of iShares Morningstar Mid-Cap ETF worth $1,350,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Procyon Advisors LLC raised its stake in shares of iShares Morningstar Mid-Cap ETF by 3.0% in the 4th quarter. Procyon Advisors LLC now owns 4,984 shares of the company’s stock valued at $380,000 after buying an additional 144 shares in the last quarter. FMR LLC raised its position in iShares Morningstar Mid-Cap ETF by 2.7% in the third quarter. FMR LLC now owns 7,972 shares of the company’s stock worth $606,000 after purchasing an additional 210 shares in the last quarter. Financial Perspectives Inc boosted its stake in iShares Morningstar Mid-Cap ETF by 4.5% in the 4th quarter. Financial Perspectives Inc now owns 4,968 shares of the company’s stock valued at $378,000 after buying an additional 212 shares in the last quarter. RFG Advisory LLC grew its holdings in shares of iShares Morningstar Mid-Cap ETF by 10.9% in the 4th quarter. RFG Advisory LLC now owns 3,032 shares of the company’s stock worth $231,000 after purchasing an additional 298 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of iShares Morningstar Mid-Cap ETF by 9.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 3,441 shares of the company’s stock worth $261,000 after buying an additional 308 shares in the last quarter. Institutional investors own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Trading Up 2.4 %

Shares of NYSEARCA IMCB opened at $73.76 on Monday. The company has a market cap of $881.43 million, a PE ratio of 48.85 and a beta of 1.10. The company has a 50-day moving average of $77.69 and a two-hundred day moving average of $77.40. iShares Morningstar Mid-Cap ETF has a 1-year low of $68.07 and a 1-year high of $82.52.

iShares Morningstar Mid-Cap ETF 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.