Steele Capital Management Inc. Raises Stock Position in iShares Morningstar Mid-Cap ETF $IMCB

Steele Capital Management Inc. lifted its holdings in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 5.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,000 shares of the company’s stock after acquiring an additional 9,783 shares during the quarter. Steele Capital Management Inc. owned about 1.28% of iShares Morningstar Mid-Cap ETF worth $15,530,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. acquired a new position in shares of iShares Morningstar Mid-Cap ETF during the second quarter worth about $26,000. Ameritas Advisory Services LLC purchased a new stake in shares of iShares Morningstar Mid-Cap ETF during the 2nd quarter valued at about $29,000. Archer Investment Corp lifted its position in iShares Morningstar Mid-Cap ETF by 242.4% during the 2nd quarter. Archer Investment Corp now owns 1,099 shares of the company’s stock worth $88,000 after acquiring an additional 778 shares in the last quarter. AE Wealth Management LLC boosted its holdings in iShares Morningstar Mid-Cap ETF by 97.7% in the 2nd quarter. AE Wealth Management LLC now owns 1,348 shares of the company’s stock worth $107,000 after acquiring an additional 666 shares during the period. Finally, Private Trust Co. NA purchased a new position in iShares Morningstar Mid-Cap ETF in the 3rd quarter worth approximately $121,000. 22.26% of the stock is currently owned by institutional investors and hedge funds.

iShares Morningstar Mid-Cap ETF Stock Up 0.6%

Shares of NYSEARCA:IMCB opened at $85.47 on Friday. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 56.60 and a beta of 1.04. The company has a 50 day moving average of $82.81 and a two-hundred day moving average of $82.11. iShares Morningstar Mid-Cap ETF has a 52-week low of $64.02 and a 52-week high of $85.67.

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.