iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sets New 52-Week High – What’s Next?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $85.90 and last traded at $85.83, with a volume of 10529 shares changing hands. The stock had previously closed at $85.57.

iShares Morningstar Mid-Cap ETF Price Performance

The company has a market cap of $1.45 billion, a P/E ratio of 56.60 and a beta of 1.04. The stock has a fifty day moving average price of $82.88 and a two-hundred day moving average price of $82.21.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IMCB. Yarger Wealth Strategies LLC increased its stake in iShares Morningstar Mid-Cap ETF by 0.3% during the 3rd quarter. Yarger Wealth Strategies LLC now owns 69,153 shares of the company’s stock valued at $5,743,000 after buying an additional 189 shares during the period. Goldstein Advisors LLC increased its stake in shares of iShares Morningstar Mid-Cap ETF by 0.5% during the third quarter. Goldstein Advisors LLC now owns 39,497 shares of the company’s stock valued at $3,280,000 after acquiring an additional 194 shares during the period. Detalus Advisors LLC boosted its stake in iShares Morningstar Mid-Cap ETF by 6.9% during the 2nd quarter. Detalus Advisors LLC now owns 3,184 shares of the company’s stock valued at $254,000 after purchasing an additional 205 shares in the last quarter. Ameritas Advisory Services LLC increased its position in shares of iShares Morningstar Mid-Cap ETF by 60.8% during the 3rd quarter. Ameritas Advisory Services LLC now owns 595 shares of the company’s stock valued at $49,000 after purchasing an additional 225 shares during the period. Finally, Capital Investment Advisory Services LLC boosted its stake in iShares Morningstar Mid-Cap ETF by 245.8% during the third quarter. Capital Investment Advisory Services LLC now owns 332 shares of the company’s stock valued at $28,000 after buying an additional 236 shares in the last quarter. 22.26% of the stock is currently owned by institutional investors.

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.