30,295 Shares in iShares Morningstar Mid-Cap ETF $IMCB Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC acquired a new stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 30,295 shares of the company’s stock, valued at approximately $2,862,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. IFP Advisors Inc increased its position in shares of iShares Morningstar Mid-Cap ETF by 2.5% in the second quarter. IFP Advisors Inc now owns 5,216 shares of the company’s stock valued at $504,000 after buying an additional 127 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of iShares Morningstar Mid-Cap ETF by 10.1% during the 1st quarter. Private Advisor Group LLC now owns 3,192 shares of the company’s stock worth $266,000 after buying an additional 293 shares during the period. Three Seasons Wealth LLC lifted its position in shares of iShares Morningstar Mid-Cap ETF by 4.5% during the 1st quarter. Three Seasons Wealth LLC now owns 7,170 shares of the company’s stock valued at $598,000 after buying an additional 309 shares in the last quarter. Hoxton Planning & Management LLC lifted its position in shares of iShares Morningstar Mid-Cap ETF by 7.5% during the 1st quarter. Hoxton Planning & Management LLC now owns 5,586 shares of the company’s stock valued at $466,000 after buying an additional 389 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in shares of iShares Morningstar Mid-Cap ETF during the 3rd quarter valued at approximately $39,000. 22.26% of the stock is currently owned by hedge funds and other institutional investors.

iShares Morningstar Mid-Cap ETF Price Performance

Shares of NYSEARCA:IMCB opened at $98.14 on Thursday. The business’s 50 day moving average price is $97.61 and its 200-day moving average price is $94.99. iShares Morningstar Mid-Cap ETF has a 1 year low of $78.89 and a 1 year high of $101.37. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 64.99 and a beta of 0.99.

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.