Truefg LLC Cuts Stock Position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Truefg LLC trimmed its position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 2.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 9,398 shares of the company’s stock after selling 187 shares during the quarter. iShares Morningstar Mid-Cap ETF makes up approximately 0.2% of Truefg LLC’s portfolio, making the stock its 22nd biggest position. Truefg LLC’s holdings in iShares Morningstar Mid-Cap ETF were worth $696,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of IMCB. LPL Financial LLC boosted its stake in iShares Morningstar Mid-Cap ETF by 4.6% during the fourth quarter. LPL Financial LLC now owns 429,064 shares of the company’s stock worth $32,673,000 after buying an additional 18,944 shares during the last quarter. Raymond James Financial Inc. purchased a new position in iShares Morningstar Mid-Cap ETF during the fourth quarter worth about $26,324,000. Cetera Investment Advisers increased its holdings in iShares Morningstar Mid-Cap ETF by 7.1% in the fourth quarter. Cetera Investment Advisers now owns 184,243 shares of the company’s stock valued at $14,030,000 after buying an additional 12,169 shares in the last quarter. Matrix Trust Co lifted its stake in iShares Morningstar Mid-Cap ETF by 0.3% in the 1st quarter. Matrix Trust Co now owns 174,785 shares of the company’s stock valued at $12,949,000 after buying an additional 585 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in iShares Morningstar Mid-Cap ETF by 9.6% in the fourth quarter. MML Investors Services LLC now owns 121,011 shares of the company’s stock valued at $9,215,000 after purchasing an additional 10,632 shares during the last quarter. 22.26% of the stock is currently owned by institutional investors and hedge funds.

iShares Morningstar Mid-Cap ETF Stock Performance

NYSEARCA IMCB opened at $78.21 on Monday. The company’s 50 day moving average price is $73.60 and its 200 day moving average price is $76.34. The firm has a market capitalization of $934.61 million, a price-to-earnings ratio of 51.79 and a beta of 1.05. iShares Morningstar Mid-Cap ETF has a one year low of $64.02 and a one 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.