Janney Montgomery Scott LLC Increases Stock Position in iShares Morningstar Mid-Cap ETF $IMCB

Janney Montgomery Scott LLC increased its position in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 4.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,659 shares of the company’s stock after buying an additional 510 shares during the period. Janney Montgomery Scott LLC owned 0.08% of iShares Morningstar Mid-Cap ETF worth $929,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. boosted its holdings in iShares Morningstar Mid-Cap ETF by 52.2% during the first quarter. Principal Securities Inc. now owns 408 shares of the company’s stock worth $31,000 after buying an additional 140 shares in the last quarter. PSI Advisors LLC purchased a new stake in iShares Morningstar Mid-Cap ETF during the first quarter worth $49,000. AE Wealth Management LLC boosted its holdings in iShares Morningstar Mid-Cap ETF by 306.0% during the first quarter. AE Wealth Management LLC now owns 682 shares of the company’s stock worth $51,000 after buying an additional 514 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new stake in iShares Morningstar Mid-Cap ETF during the first quarter worth $52,000. Finally, Silicon Valley Capital Partners purchased a new stake in iShares Morningstar Mid-Cap ETF during the first quarter worth $70,000. 22.26% of the stock is owned by hedge funds and other institutional investors.

iShares Morningstar Mid-Cap ETF Stock Up 0.7%

IMCB opened at $82.49 on Wednesday. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 54.63 and a beta of 1.07. iShares Morningstar Mid-Cap ETF has a 52-week low of $64.02 and a 52-week high of $83.95. The firm’s fifty day simple moving average is $82.19 and its two-hundred day simple moving average is $78.40.

iShares Morningstar Mid-Cap ETF 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.