iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Hits New 52-Week High – Time to Buy?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $97.90 and last traded at $97.90, with a volume of 4595 shares changing hands. The stock had previously closed at $96.74.

iShares Morningstar Mid-Cap ETF Price Performance

The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 64.32 and a beta of 0.98. The firm has a 50-day moving average price of $94.93 and a two-hundred day moving average price of $89.63.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF

Large investors have recently bought and sold shares of the company. HighTower Advisors LLC grew its stake in shares of iShares Morningstar Mid-Cap ETF by 3,833.4% during the 4th quarter. HighTower Advisors LLC now owns 1,846,327 shares of the company’s stock worth $152,747,000 after acquiring an additional 1,799,387 shares in the last quarter. Morgan Stanley boosted its holdings in iShares Morningstar Mid-Cap ETF by 17.9% during the fourth quarter. Morgan Stanley now owns 1,501,549 shares of the company’s stock worth $124,223,000 after purchasing an additional 228,216 shares during the last quarter. UBS Group AG boosted its holdings in iShares Morningstar Mid-Cap ETF by 0.8% during the fourth quarter. UBS Group AG now owns 1,331,760 shares of the company’s stock worth $110,177,000 after purchasing an additional 10,355 shares during the last quarter. RMG Wealth Management LLC bought a new position in iShares Morningstar Mid-Cap ETF in the first quarter valued at $117,280,000. Finally, Means Investment CO. Inc. increased its stake in iShares Morningstar Mid-Cap ETF by 4.1% in the 4th quarter. Means Investment CO. Inc. now owns 428,013 shares of the company’s stock valued at $35,410,000 after buying an additional 16,966 shares during the last quarter. Institutional investors and hedge funds own 22.26% of the company’s stock.

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.