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

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $91.93 and last traded at $91.82, with a volume of 23037 shares changing hands. The stock had previously closed at $90.91.

iShares Morningstar Mid-Cap ETF Trading Up 1.0%

The company has a 50 day moving average price of $86.48 and a 200-day moving average price of $84.90. The company has a market cap of $1.58 billion, a P/E ratio of 60.81 and a beta of 1.00.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap ETF

Several hedge funds have recently modified their holdings of the company. Allegheny Financial Group boosted its holdings in shares of 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 acquiring an additional 130 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in shares of 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 acquiring an additional 158 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in shares of 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 acquiring an additional 166 shares in the last quarter. Hoxton Planning & Management LLC boosted its holdings in shares of 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 acquiring an additional 177 shares in the last quarter. Finally, Yarger Wealth Strategies LLC boosted its holdings in shares of iShares Morningstar Mid-Cap ETF by 0.3% during the 3rd quarter. Yarger Wealth Strategies LLC now owns 69,153 shares of the company’s stock valued at $5,743,000 after acquiring an additional 189 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.