iShares Morningstar Mid-Cap ETF $IMCB Stake Increased by Fortitude Financial LLC

Fortitude Financial LLC grew its stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 18.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,247 shares of the company’s stock after acquiring an additional 27,345 shares during the quarter. iShares Morningstar Mid-Cap ETF comprises approximately 7.9% of Fortitude Financial LLC’s investment portfolio, making the stock its 5th biggest position. Fortitude Financial LLC’s holdings in iShares Morningstar Mid-Cap ETF were worth $16,746,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of IMCB. Capital Square LLC purchased a new stake in shares of iShares Morningstar Mid-Cap ETF in the third quarter valued at about $283,000. IFP Advisors Inc increased its position in iShares Morningstar Mid-Cap ETF by 4.9% during the third quarter. IFP Advisors Inc now owns 5,471 shares of the company’s stock worth $517,000 after purchasing an additional 255 shares during the last quarter. Robertson Stephens Wealth Management LLC acquired a new stake in iShares Morningstar Mid-Cap ETF during the third quarter worth about $336,000. Truefg LLC acquired a new stake in iShares Morningstar Mid-Cap ETF during the third quarter worth about $748,000. Finally, Mather Group LLC. acquired a new stake in iShares Morningstar Mid-Cap ETF during the third quarter worth about $39,000. 22.26% of the stock is owned by institutional investors and hedge funds.

iShares Morningstar Mid-Cap ETF Trading Down 0.3%

IMCB stock traded down $0.29 during trading on Monday, reaching $96.40. 22,534 shares of the stock were exchanged, compared to its average volume of 39,770. The business has a 50 day moving average price of $97.77 and a 200-day moving average price of $94.71. iShares Morningstar Mid-Cap ETF has a 1 year low of $78.89 and a 1 year high of $101.37. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 63.84 and a beta of 0.99.

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.