iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Reaches New 12-Month High – What’s Next?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $86.70 and last traded at $86.37, with a volume of 3232 shares changing hands. The stock had previously closed at $86.06.

iShares Morningstar Mid-Cap ETF Stock Performance

The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 57.22 and a beta of 1.04. The stock’s 50-day simple moving average is $83.37 and its two-hundred day simple moving average is $82.46.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IMCB. Ameritas Advisory Services LLC acquired a new position in shares of iShares Morningstar Mid-Cap ETF in the 2nd quarter valued at $29,000. Janney Montgomery Scott LLC boosted its holdings in iShares Morningstar Mid-Cap ETF by 4.6% during the second quarter. Janney Montgomery Scott LLC now owns 11,659 shares of the company’s stock valued at $929,000 after purchasing an additional 510 shares in the last quarter. Carnegie Investment Counsel grew its stake in shares of iShares Morningstar Mid-Cap ETF by 702.8% in the 3rd quarter. Carnegie Investment Counsel now owns 55,676 shares of the company’s stock valued at $4,624,000 after purchasing an additional 48,741 shares during the period. CWM LLC lifted its position in shares of iShares Morningstar Mid-Cap ETF by 3.8% during the 2nd quarter. CWM LLC now owns 13,933 shares of the company’s stock worth $1,110,000 after buying an additional 515 shares during the period. Finally, Avantax Advisory Services Inc. boosted its stake in iShares Morningstar Mid-Cap ETF by 1.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 83,245 shares of the company’s stock valued at $6,631,000 after buying an additional 890 shares in the last quarter. 22.26% of the stock is currently owned by institutional investors and hedge funds.

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.