iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Reaches New 1-Year High – Here’s Why

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $86.71 and last traded at $86.74, with a volume of 7633 shares traded. The stock had previously closed at $85.06.

iShares Morningstar Mid-Cap ETF Stock Up 2.3%

The firm has a market capitalization of $1.48 billion, a P/E ratio of 57.65 and a beta of 1.04. The business’s 50 day moving average is $84.43 and its two-hundred day moving average is $82.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Advisory Services LLC bought a new position in iShares Morningstar Mid-Cap ETF during the 2nd quarter valued at $29,000. Janney Montgomery Scott LLC lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 4.6% in the second quarter. Janney Montgomery Scott LLC now owns 11,659 shares of the company’s stock valued at $929,000 after buying an additional 510 shares during the period. Carnegie Investment Counsel lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 702.8% in the third quarter. Carnegie Investment Counsel now owns 55,676 shares of the company’s stock valued at $4,624,000 after buying an additional 48,741 shares during the period. Avantax Advisory Services Inc. boosted its stake in iShares Morningstar Mid-Cap ETF by 1.1% during the second quarter. Avantax Advisory Services Inc. now owns 83,245 shares of the company’s stock valued at $6,631,000 after buying an additional 890 shares in the last quarter. Finally, CWM LLC grew its holdings in iShares Morningstar Mid-Cap ETF by 3.8% during the second quarter. CWM LLC now owns 13,933 shares of the company’s stock worth $1,110,000 after acquiring an additional 515 shares during the period. 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.