iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sees Large Volume Increase

Shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) saw strong trading volume on Friday . 63,688 shares traded hands during mid-day trading, an increase of 152% from the previous session’s volume of 25,252 shares.The stock last traded at $74.35 and had previously closed at $74.02.

iShares Morningstar Mid-Cap ETF Stock Performance

The business has a fifty day moving average of $71.52 and a 200-day moving average of $70.80. The company has a market capitalization of $884.30 million, a P/E ratio of 49.02 and a beta of 0.98.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF

A number of large investors have recently modified their holdings of the company. Financial Perspectives Inc increased its position in shares of iShares Morningstar Mid-Cap ETF by 3.7% during the 2nd quarter. Financial Perspectives Inc now owns 4,480 shares of the company’s stock valued at $314,000 after purchasing an additional 159 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of iShares Morningstar Mid-Cap ETF by 0.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 53,433 shares of the company’s stock valued at $3,587,000 after purchasing an additional 172 shares during the last quarter. Yarger Wealth Strategies LLC increased its position in shares of iShares Morningstar Mid-Cap ETF by 0.3% during the 1st quarter. Yarger Wealth Strategies LLC now owns 69,277 shares of the company’s stock valued at $5,045,000 after purchasing an additional 222 shares during the last quarter. Pitti Group Wealth Management LLC increased its position in shares of iShares Morningstar Mid-Cap ETF by 1.3% during the 2nd quarter. Pitti Group Wealth Management LLC now owns 18,200 shares of the company’s stock valued at $1,222,000 after purchasing an additional 228 shares during the last quarter. Finally, Matrix Private Capital Group LLC increased its position in shares of iShares Morningstar Mid-Cap ETF by 12.0% during the 2nd quarter. Matrix Private Capital Group LLC now owns 2,664 shares of the company’s stock valued at $187,000 after purchasing an additional 285 shares during the last quarter. 22.26% of the stock is currently owned by institutional investors.

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.