iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Hits New 1-Year High – Should You Buy?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) shares reached a new 52-week high on Tuesday . The company traded as high as $98.25 and last traded at $98.18, with a volume of 2105 shares changing hands. The stock had previously closed at $97.93.

iShares Morningstar Mid-Cap ETF Stock Performance

The firm’s fifty day moving average is $95.69 and its 200-day moving average is $90.14. The company has a market capitalization of $1.69 billion, a P/E ratio of 65.50 and a beta of 0.98.

Institutional Trading of iShares Morningstar Mid-Cap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IMCB. Allegheny Financial Group raised its holdings in shares of iShares Morningstar Mid-Cap ETF by 4.0% in the 1st quarter. Allegheny Financial Group now owns 3,403 shares of the company’s stock worth $284,000 after acquiring an additional 130 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in iShares Morningstar Mid-Cap ETF by 2.9% during the 4th quarter. IHT Wealth Management LLC now owns 5,665 shares of the company’s stock worth $469,000 after acquiring an additional 158 shares during the last quarter. Capital Investment Advisory Services LLC grew its stake in shares of iShares Morningstar Mid-Cap ETF by 50.0% in the 4th quarter. Capital Investment Advisory Services LLC now owns 498 shares of the company’s stock worth $41,000 after acquiring an additional 166 shares in the last quarter. Hoxton Planning & Management LLC grew its stake in shares of iShares Morningstar Mid-Cap ETF by 3.5% in the 4th quarter. Hoxton Planning & Management LLC now owns 5,197 shares of the company’s stock worth $430,000 after acquiring an additional 177 shares in the last quarter. Finally, Mariner LLC raised its holdings in shares of iShares Morningstar Mid-Cap ETF by 2.7% in the fourth quarter. Mariner LLC now owns 7,316 shares of the company’s stock valued at $605,000 after purchasing an additional 195 shares during the last quarter. Institutional investors own 22.26% of the company’s stock.

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.