iShares Morningstar Mid-Cap ETF $IMCB Shares Acquired by Truist Financial Corp

Truist Financial Corp boosted its stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 26.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,336 shares of the company’s stock after buying an additional 6,127 shares during the period. Truist Financial Corp owned 0.19% of iShares Morningstar Mid-Cap ETF worth $2,436,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Gravity Companies Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap ETF in the 2nd quarter worth approximately $26,000. Ameritas Advisory Services LLC acquired a new stake in iShares Morningstar Mid-Cap ETF in the second quarter worth approximately $29,000. Archer Investment Corp boosted its stake in iShares Morningstar Mid-Cap ETF by 242.4% during the 2nd quarter. Archer Investment Corp now owns 1,099 shares of the company’s stock valued at $88,000 after purchasing an additional 778 shares in the last quarter. AE Wealth Management LLC boosted its stake in iShares Morningstar Mid-Cap ETF by 97.7% during the 2nd quarter. AE Wealth Management LLC now owns 1,348 shares of the company’s stock valued at $107,000 after purchasing an additional 666 shares in the last quarter. Finally, Private Trust Co. NA acquired a new position in shares of iShares Morningstar Mid-Cap ETF during the 3rd quarter valued at $121,000. 22.26% of the stock is currently owned by institutional investors.

iShares Morningstar Mid-Cap ETF Stock Performance

IMCB opened at $87.23 on Friday. The company has a market capitalization of $1.49 billion, a PE ratio of 57.77 and a beta of 1.04. The stock’s fifty day moving average is $84.51 and its 200-day moving average is $82.90. iShares Morningstar Mid-Cap ETF has a one year low of $64.02 and a one year high of $87.26.

iShares Morningstar Mid-Cap ETF 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.