Ameriprise Financial Inc. Sells 14,317 Shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Ameriprise Financial Inc. reduced its stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,456 shares of the company’s stock after selling 14,317 shares during the quarter. Ameriprise Financial Inc. owned about 1.01% of iShares Morningstar Mid-Cap ETF worth $9,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Glass Jacobson Investment Advisors llc increased its stake in shares of iShares Morningstar Mid-Cap ETF by 19.1% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 978 shares of the company’s stock worth $74,000 after buying an additional 157 shares during the period. Synergy Investment Management LLC bought a new position in iShares Morningstar Mid-Cap ETF in the 4th quarter worth about $178,000. Mercer Global Advisors Inc. ADV purchased a new position in iShares Morningstar Mid-Cap ETF in the 4th quarter worth about $201,000. Assetmark Inc. raised its position in iShares Morningstar Mid-Cap ETF by 356.8% in the 4th quarter. Assetmark Inc. now owns 2,832 shares of the company’s stock worth $216,000 after buying an additional 2,212 shares during the last quarter. Finally, RFG Advisory LLC increased its position in shares of iShares Morningstar Mid-Cap ETF by 10.9% during the 4th quarter. RFG Advisory LLC now owns 3,032 shares of the company’s stock valued at $231,000 after purchasing an additional 298 shares during the last quarter. 22.26% of the stock is owned by hedge funds and other institutional investors.

iShares Morningstar Mid-Cap ETF Stock Down 0.4%

NYSEARCA IMCB opened at $78.18 on Wednesday. iShares Morningstar Mid-Cap ETF has a 52 week low of $64.02 and a 52 week high of $82.52. The firm has a market capitalization of $934.25 million, a P/E ratio of 51.77 and a beta of 1.05. The company has a 50-day moving average price of $72.97 and a 200-day moving average price of $76.54.

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.