Steele Capital Management Inc. Acquires New Shares in iShares Morningstar Mid-Cap ETF $IMCB

Steele Capital Management Inc. bought a new position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 193,326 shares of the company’s stock, valued at approximately $18,265,000. Steele Capital Management Inc. owned approximately 1.09% of iShares Morningstar Mid-Cap ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IMCB. RMG Wealth Management LLC purchased a new position in iShares Morningstar Mid-Cap ETF during the first quarter valued at $117,280,000. Matrix Trust Co purchased a new stake in iShares Morningstar Mid-Cap ETF in the 3rd quarter worth $18,100,000. Apollon Wealth Management LLC bought a new position in shares of iShares Morningstar Mid-Cap ETF during the 3rd quarter valued at about $9,591,000. Commonwealth Equity Services LLC bought a new position in shares of iShares Morningstar Mid-Cap ETF during the 3rd quarter valued at about $9,433,000. Finally, Carnegie Investment Counsel bought a new position in shares of iShares Morningstar Mid-Cap ETF during the 3rd quarter valued at about $7,526,000. Institutional investors own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Stock Down 3.6%

Shares of iShares Morningstar Mid-Cap ETF stock opened at $95.60 on Friday. iShares Morningstar Mid-Cap ETF has a twelve month low of $78.89 and a twelve month high of $101.37. The business has a 50-day moving average price of $97.15 and a 200-day moving average price of $92.78. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 63.31 and a beta of 0.99.

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.