iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Reaches New 52-Week High – Here’s What Happened

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $84.09 and last traded at $83.8880, with a volume of 20114 shares. The stock had previously closed at $82.71.

iShares Morningstar Mid-Cap ETF Stock Performance

The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 55.56 and a beta of 1.04. The business has a 50-day simple moving average of $82.34 and a two-hundred day simple moving average of $81.15.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap ETF

A number of hedge funds have recently added to or reduced their stakes in the company. RMG Wealth Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap ETF during the 2nd quarter worth approximately $87,672,000. Creative Financial Designs Inc. ADV grew its position in iShares Morningstar Mid-Cap ETF by 2,080.9% in the second quarter. Creative Financial Designs Inc. ADV now owns 153,163 shares of the company’s stock worth $12,201,000 after acquiring an additional 146,140 shares in the last quarter. Means Investment CO. Inc. grew its position in iShares Morningstar Mid-Cap ETF by 28.8% during the third quarter. Means Investment CO. Inc. now owns 411,047 shares of the company’s stock valued at $34,137,000 after acquiring an additional 91,994 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in iShares Morningstar Mid-Cap ETF in the third quarter worth $6,748,000. Finally, Ameriprise Financial Inc. boosted its holdings in iShares Morningstar Mid-Cap ETF by 51.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 172,546 shares of the company’s stock valued at $14,329,000 after acquiring an additional 58,637 shares during the period. Institutional investors and hedge funds 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.