Cetera Investment Advisers Grows Stock Holdings in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Cetera Investment Advisers raised its stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 7.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 184,243 shares of the company’s stock after buying an additional 12,169 shares during the quarter. Cetera Investment Advisers’ holdings in iShares Morningstar Mid-Cap ETF were worth $14,030,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Glass Jacobson Investment Advisors llc grew its holdings in iShares Morningstar Mid-Cap ETF by 19.1% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 978 shares of the company’s stock valued at $74,000 after purchasing an additional 157 shares during the last quarter. Synergy Investment Management LLC acquired a new position in iShares Morningstar Mid-Cap ETF during the fourth quarter worth about $178,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of iShares Morningstar Mid-Cap ETF in the fourth quarter valued at about $201,000. Assetmark Inc. grew its position in shares of iShares Morningstar Mid-Cap ETF by 356.8% in the fourth quarter. Assetmark Inc. now owns 2,832 shares of the company’s stock valued at $216,000 after purchasing an additional 2,212 shares during the last quarter. Finally, RFG Advisory LLC increased its stake in shares of iShares Morningstar Mid-Cap ETF by 10.9% during the 4th quarter. RFG Advisory LLC now owns 3,032 shares of the company’s stock worth $231,000 after purchasing an additional 298 shares in the last quarter. 22.26% of the stock is currently owned by institutional investors and hedge funds.

iShares Morningstar Mid-Cap ETF Price Performance

Shares of iShares Morningstar Mid-Cap ETF stock opened at $75.05 on Friday. The business has a 50 day moving average price of $72.44 and a 200 day moving average price of $76.46. The company has a market capitalization of $896.85 million, a P/E ratio of 49.70 and a beta of 1.05. iShares Morningstar Mid-Cap ETF has a 1 year low of $64.02 and a 1 year high of $82.52.

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.