iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sees Strong Trading Volume – Here’s What Happened

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) saw unusually-high trading volume on Thursday . Approximately 165,088 shares changed hands during mid-day trading, an increase of 327% from the previous session’s volume of 38,682 shares.The stock last traded at $82.08 and had previously closed at $83.18.

iShares Morningstar Mid-Cap ETF Stock Down 1.7%

The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 54.15 and a beta of 1.04. The company has a 50 day moving average of $82.64 and a 200 day moving average of $80.28.

Institutional Trading of iShares Morningstar Mid-Cap ETF

Several institutional investors have recently modified their holdings of IMCB. AE Wealth Management LLC raised its holdings in shares of iShares Morningstar Mid-Cap ETF by 306.0% during the first quarter. AE Wealth Management LLC now owns 682 shares of the company’s stock valued at $51,000 after acquiring an additional 514 shares during the period. Assetmark Inc. boosted its stake in iShares Morningstar Mid-Cap ETF by 258.4% in the 1st quarter. Assetmark Inc. now owns 10,149 shares of the company’s stock valued at $752,000 after buying an additional 7,317 shares in the last quarter. Bedel Financial Consulting Inc. raised its position in iShares Morningstar Mid-Cap ETF by 15.6% in the 1st quarter. Bedel Financial Consulting Inc. now owns 46,481 shares of the company’s stock valued at $3,429,000 after purchasing an additional 6,271 shares during the last quarter. LPL Financial LLC lifted its position in iShares Morningstar Mid-Cap ETF by 5.7% during the 1st quarter. LPL Financial LLC now owns 453,623 shares of the company’s stock valued at $33,606,000 after purchasing an additional 24,559 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in shares of iShares Morningstar Mid-Cap ETF by 8.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 398,963 shares of the company’s stock valued at $29,556,000 after acquiring an additional 31,479 shares during the period. Institutional investors and hedge funds 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.