iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sets New 12-Month High – Should You Buy?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)’s stock price reached a new 52-week high on Friday . The company traded as high as $83.58 and last traded at $83.62, with a volume of 2014 shares changing hands. The stock had previously closed at $83.29.

iShares Morningstar Mid-Cap ETF Stock Up 0.3%

The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 55.31 and a beta of 1.07. The firm has a 50 day moving average price of $81.97 and a two-hundred day moving average price of $78.02.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Financial Gravity Companies Inc. acquired a new position in shares of iShares Morningstar Mid-Cap ETF in the second quarter worth about $26,000. Ameritas Advisory Services LLC acquired a new position in shares of iShares Morningstar Mid-Cap ETF in the second quarter worth about $29,000. Principal Securities Inc. lifted its stake in shares of iShares Morningstar Mid-Cap ETF by 52.2% in the first quarter. Principal Securities Inc. now owns 408 shares of the company’s stock worth $31,000 after acquiring an additional 140 shares in the last quarter. PSI Advisors LLC acquired a new position in shares of iShares Morningstar Mid-Cap ETF in the first quarter worth about $49,000. Finally, AE Wealth Management LLC lifted its stake in shares of iShares Morningstar Mid-Cap ETF by 306.0% in the first quarter. AE Wealth Management LLC now owns 682 shares of the company’s stock worth $51,000 after acquiring an additional 514 shares in the last quarter. Institutional investors and hedge funds own 22.26% of the company’s stock.

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.