iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Stock Price Down 0.8% – Here’s What Happened

Shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) fell 0.8% during trading on Monday. The stock traded as low as $95.00 and last traded at $95.24. 33,905 shares were traded during trading, a decline of 14% from the average session volume of 39,631 shares. The stock had previously closed at $95.97.

iShares Morningstar Mid-Cap ETF Trading Down 0.8%

The stock has a market capitalization of $1.67 billion, a P/E ratio of 63.07 and a beta of 0.98. The stock’s fifty day moving average price is $98.12 and its two-hundred day moving average price is $93.43.

Institutional Trading of iShares Morningstar Mid-Cap ETF

Hedge funds have recently added to or reduced their stakes in the business. RMG Wealth Management LLC purchased a new stake in iShares Morningstar Mid-Cap ETF during the first quarter valued at about $117,280,000. Sunburst Financial Group LLC grew its stake in shares of iShares Morningstar Mid-Cap ETF by 9.5% during the second quarter. Sunburst Financial Group LLC now owns 241,685 shares of the company’s stock valued at $23,337,000 after buying an additional 21,037 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of iShares Morningstar Mid-Cap ETF by 1.4% in the first quarter. Cetera Investment Advisers now owns 240,763 shares of the company’s stock worth $20,087,000 after buying an additional 3,280 shares during the period. Matrix Trust Co increased its holdings in shares of iShares Morningstar Mid-Cap ETF by 0.9% in the second quarter. Matrix Trust Co now owns 191,562 shares of the company’s stock worth $18,497,000 after buying an additional 1,769 shares during the period. Finally, Northwest Wealth Advisors LLC increased its holdings in shares of iShares Morningstar Mid-Cap ETF by 21.3% in the first quarter. Northwest Wealth Advisors LLC now owns 143,117 shares of the company’s stock worth $11,940,000 after buying an additional 25,129 shares during the period. 22.26% of the stock is owned by institutional investors.

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.