Envestnet Asset Management Inc. Cuts Stock Position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Envestnet Asset Management Inc. decreased its position in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,171 shares of the company’s stock after selling 1,749 shares during the period. Envestnet Asset Management Inc. owned 0.44% of iShares Morningstar Mid-Cap ETF worth $3,973,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Synergy Investment Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap ETF during the 4th quarter valued at $178,000. Assetmark Inc. boosted its holdings in iShares Morningstar Mid-Cap ETF by 356.8% in the fourth quarter. Assetmark Inc. now owns 2,832 shares of the company’s stock worth $216,000 after acquiring an additional 2,212 shares in the last quarter. RFG Advisory LLC grew its stake in shares of iShares Morningstar Mid-Cap ETF by 10.9% during the fourth quarter. RFG Advisory LLC now owns 3,032 shares of the company’s stock worth $231,000 after acquiring an additional 298 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of iShares Morningstar Mid-Cap ETF by 85.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,076 shares of the company’s stock valued at $234,000 after purchasing an additional 1,416 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in iShares Morningstar Mid-Cap ETF by 9.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,441 shares of the company’s stock worth $261,000 after purchasing an additional 308 shares in the last quarter. 22.26% of the stock is currently owned by institutional investors and hedge funds.

iShares Morningstar Mid-Cap ETF Trading Up 1.2 %

NYSEARCA:IMCB opened at $71.26 on Thursday. The company’s 50 day moving average is $73.47 and its two-hundred day moving average is $76.72. The company has a market cap of $851.56 million, a PE ratio of 47.19 and a beta of 1.04. iShares Morningstar Mid-Cap ETF has a twelve month low of $64.02 and a twelve month high of $82.52.

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.