Ritholtz Wealth Management Makes New $770,000 Investment in iShares Morningstar Mid-Cap ETF $IMCB

Ritholtz Wealth Management purchased a new stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) in the first quarter, Holdings Channel reports. The institutional investor purchased 9,224 shares of the company’s stock, valued at approximately $770,000.

Other large investors also recently modified their holdings of the company. HighTower Advisors LLC grew its position in iShares Morningstar Mid-Cap ETF by 3,833.4% during the 4th quarter. HighTower Advisors LLC now owns 1,846,327 shares of the company’s stock worth $152,747,000 after acquiring an additional 1,799,387 shares during the last quarter. Morgan Stanley increased its holdings in iShares Morningstar Mid-Cap ETF by 17.9% in the 4th quarter. Morgan Stanley now owns 1,501,549 shares of the company’s stock worth $124,223,000 after purchasing an additional 228,216 shares in the last quarter. UBS Group AG raised its position in iShares Morningstar Mid-Cap ETF by 0.8% in the fourth quarter. UBS Group AG now owns 1,331,760 shares of the company’s stock valued at $110,177,000 after purchasing an additional 10,355 shares during the last quarter. Means Investment CO. Inc. raised its position in iShares Morningstar Mid-Cap ETF by 4.1% in the fourth quarter. Means Investment CO. Inc. now owns 428,013 shares of the company’s stock valued at $35,410,000 after purchasing an additional 16,966 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of iShares Morningstar Mid-Cap ETF by 148.4% during the fourth quarter. Wells Fargo & Company MN now owns 204,827 shares of the company’s stock valued at $16,945,000 after purchasing an additional 122,352 shares in the last quarter. 22.26% of the stock is currently owned by institutional investors.

iShares Morningstar Mid-Cap ETF Trading Up 0.4%

NYSEARCA:IMCB opened at $96.39 on Tuesday. The stock has a market cap of $1.66 billion, a P/E ratio of 63.83 and a beta of 0.99. The stock’s 50-day moving average is $92.46 and its 200-day moving average is $87.86. iShares Morningstar Mid-Cap ETF has a 1-year low of $78.89 and a 1-year high of $96.90.

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.