RMG Wealth Management LLC Invests $87.67 Million in iShares Morningstar Mid-Cap ETF $IMCB

RMG Wealth Management LLC acquired a new position in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,083,709 shares of the company’s stock, valued at approximately $87,672,000. iShares Morningstar Mid-Cap ETF makes up about 13.4% of RMG Wealth Management LLC’s portfolio, making the stock its 3rd largest position. RMG Wealth Management LLC owned approximately 7.80% of iShares Morningstar Mid-Cap ETF as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Means Investment CO. Inc. increased its position in shares of iShares Morningstar Mid-Cap ETF by 92.3% during the 1st quarter. Means Investment CO. Inc. now owns 302,927 shares of the company’s stock valued at $22,442,000 after purchasing an additional 145,367 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in iShares Morningstar Mid-Cap ETF by 1,347.2% during the second quarter. Farther Finance Advisors LLC now owns 42,691 shares of the company’s stock worth $3,401,000 after buying an additional 39,741 shares during the period. Sowell Financial Services LLC bought a new position in iShares Morningstar Mid-Cap ETF during the second quarter valued at $3,070,000. Commonwealth Equity Services LLC raised its stake in shares of iShares Morningstar Mid-Cap ETF by 8.6% in the first 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. Finally, LPL Financial LLC lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 5.7% in the 1st quarter. LPL Financial LLC now owns 453,623 shares of the company’s stock worth $33,606,000 after acquiring an additional 24,559 shares during the last quarter. Institutional investors own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Trading Up 0.1%

IMCB stock opened at $83.61 on Tuesday. The stock has a market cap of $1.22 billion, a PE ratio of 55.37 and a beta of 1.07. iShares Morningstar Mid-Cap ETF has a 12 month low of $64.02 and a 12 month high of $83.95. The company has a 50-day moving average price of $82.01 and a 200 day moving average price of $78.11.

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.