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

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

iShares Morningstar Mid-Cap ETF Price Performance

The stock’s fifty day simple moving average is $95.95 and its 200-day simple moving average is $90.32. The company has a market capitalization of $1.69 billion, a P/E ratio of 65.64 and a beta of 0.99.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC grew its position 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 buying an additional 1,799,387 shares during the period. Creative Financial Designs Inc. ADV increased its stake in iShares Morningstar Mid-Cap ETF by 6.6% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 179,442 shares of the company’s stock valued at $14,845,000 after purchasing an additional 11,167 shares in the last quarter. Fortitude Financial LLC bought a new position in shares of iShares Morningstar Mid-Cap ETF during the fourth quarter worth $14,450,000. Kestra Advisory Services LLC grew its holdings in shares of iShares Morningstar Mid-Cap ETF by 14.9% in the 1st quarter. Kestra Advisory Services LLC now owns 117,073 shares of the company’s stock valued at $9,767,000 after buying an additional 15,182 shares during the period. Finally, Northwest Wealth Advisors LLC acquired a new stake in iShares Morningstar Mid-Cap ETF during the 4th quarter worth $9,761,000. Institutional investors 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.