Carnegie Investment Counsel Has $4.62 Million Stake in iShares Morningstar Mid-Cap ETF $IMCB

Carnegie Investment Counsel boosted its stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 702.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,676 shares of the company’s stock after acquiring an additional 48,741 shares during the quarter. Carnegie Investment Counsel owned 0.38% of iShares Morningstar Mid-Cap ETF worth $4,624,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap ETF in the 2nd quarter valued at about $26,000. Ameritas Advisory Services LLC acquired a new stake in iShares Morningstar Mid-Cap ETF in the 2nd quarter valued at approximately $29,000. Silicon Valley Capital Partners acquired a new stake in iShares Morningstar Mid-Cap ETF in the 1st quarter valued at approximately $70,000. Archer Investment Corp lifted its stake in iShares Morningstar Mid-Cap ETF by 242.4% in the 2nd quarter. Archer Investment Corp now owns 1,099 shares of the company’s stock valued at $88,000 after acquiring an additional 778 shares in the last quarter. Finally, AE Wealth Management LLC boosted its position in iShares Morningstar Mid-Cap ETF by 97.7% during the 2nd quarter. AE Wealth Management LLC now owns 1,348 shares of the company’s stock worth $107,000 after acquiring an additional 666 shares during the last quarter. 22.26% of the stock is owned by institutional investors and hedge funds.

iShares Morningstar Mid-Cap ETF Stock Down 0.0%

NYSEARCA IMCB opened at $83.92 on Friday. The firm’s 50 day moving average is $82.58 and its 200-day moving average is $81.68. The company has a market capitalization of $1.36 billion, a PE ratio of 55.58 and a beta of 1.04. iShares Morningstar Mid-Cap ETF has a 12-month low of $64.02 and a 12-month high of $84.78.

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.