iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Hits New 12-Month High – Here’s What Happened

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $99.88 and last traded at $99.87, with a volume of 9064 shares traded. The stock had previously closed at $99.69.

iShares Morningstar Mid-Cap ETF Stock Performance

The company has a 50 day moving average of $96.41 and a 200 day moving average of $90.71. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 66.24 and a beta of 0.99.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap ETF

A number of hedge funds have recently modified their holdings of the business. HighTower Advisors LLC raised its stake in iShares Morningstar Mid-Cap ETF by 3,833.4% in the 4th quarter. HighTower Advisors LLC now owns 1,846,327 shares of the company’s stock valued at $152,747,000 after purchasing an additional 1,799,387 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of iShares Morningstar Mid-Cap ETF by 6.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 179,442 shares of the company’s stock worth $14,845,000 after purchasing an additional 11,167 shares during the last quarter. Diversify Wealth Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap ETF during the first quarter worth about $756,000. Fortitude Financial LLC acquired a new position in shares of iShares Morningstar Mid-Cap ETF in the fourth quarter valued at approximately $14,450,000. Finally, Northwest Wealth Advisors LLC acquired a new position in shares of iShares Morningstar Mid-Cap ETF in the fourth quarter valued at approximately $9,761,000. 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.