iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Reaches New 1-Year High – Time to Buy?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $93.41 and last traded at $93.41, with a volume of 5633 shares traded. The stock had previously closed at $92.79.

iShares Morningstar Mid-Cap ETF Trading Up 0.7%

The business’s fifty day moving average price is $87.92 and its 200 day moving average price is $85.81. The company has a market capitalization of $1.61 billion, a P/E ratio of 61.87 and a beta of 1.00.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF

Several institutional investors have recently added to or reduced their stakes in the company. Allegheny Financial Group lifted its holdings in iShares Morningstar Mid-Cap ETF by 4.0% during the 1st quarter. Allegheny Financial Group now owns 3,403 shares of the company’s stock valued at $284,000 after purchasing an additional 130 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in iShares Morningstar Mid-Cap ETF by 2.9% during the 4th quarter. IHT Wealth Management LLC now owns 5,665 shares of the company’s stock valued at $469,000 after purchasing an additional 158 shares during the last quarter. Capital Investment Advisory Services LLC lifted its holdings in iShares Morningstar Mid-Cap ETF by 50.0% during the 4th quarter. Capital Investment Advisory Services LLC now owns 498 shares of the company’s stock valued at $41,000 after purchasing an additional 166 shares during the last quarter. Hoxton Planning & Management LLC lifted its holdings in iShares Morningstar Mid-Cap ETF by 3.5% during the 4th quarter. Hoxton Planning & Management LLC now owns 5,197 shares of the company’s stock valued at $430,000 after purchasing an additional 177 shares during the last quarter. Finally, Mariner LLC lifted its holdings in iShares Morningstar Mid-Cap ETF by 2.7% during the 4th quarter. Mariner LLC now owns 7,316 shares of the company’s stock valued at $605,000 after purchasing an additional 195 shares during the last quarter. 22.26% of the stock is owned by institutional investors.

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.