iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Reaches New 52-Week High – Time to Buy?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) shares reached a new 52-week high on Friday . The company traded as high as $92.31 and last traded at $92.06, with a volume of 5810 shares trading hands. The stock had previously closed at $91.32.

iShares Morningstar Mid-Cap ETF Price Performance

The stock has a market capitalization of $1.58 billion, a PE ratio of 61.01 and a beta of 1.00. The stock’s 50 day simple moving average is $87.25 and its two-hundred day simple moving average is $85.51.

Institutional Trading of iShares Morningstar Mid-Cap ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Western Wealth Management LLC bought a new stake in iShares Morningstar Mid-Cap ETF during the 1st quarter worth approximately $134,000. Bank of America Corp DE increased its holdings in iShares Morningstar Mid-Cap ETF by 3.5% during the 1st quarter. Bank of America Corp DE now owns 113,351 shares of the company’s stock worth $9,457,000 after acquiring an additional 3,818 shares during the period. Ashton Thomas Securities LLC bought a new stake in iShares Morningstar Mid-Cap ETF during the 1st quarter worth approximately $377,000. Matrix Private Capital Group LLC bought a new stake in iShares Morningstar Mid-Cap ETF during the 1st quarter worth approximately $223,000. Finally, RMG Wealth Management LLC bought a new stake in iShares Morningstar Mid-Cap ETF during the 1st quarter worth approximately $117,280,000. Institutional investors own 22.26% of the company’s stock.

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.