iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Shares Up 1.3% – Here’s What Happened

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)’s share price shot up 1.3% during mid-day trading on Monday . The company traded as high as $84.38 and last traded at $83.32. 46,956 shares changed hands during mid-day trading, an increase of 16% from the average session volume of 40,606 shares. The stock had previously closed at $82.25.

iShares Morningstar Mid-Cap ETF Stock Performance

The company’s 50-day moving average is $86.15 and its 200-day moving average is $83.98. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 55.18 and a beta of 1.04.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF

A number of large investors have recently modified their holdings of IMCB. Beaird Harris Wealth Management LLC bought a new stake in shares of iShares Morningstar Mid-Cap ETF during the fourth quarter valued at approximately $81,000. SB Capital Management Inc acquired a new position in iShares Morningstar Mid-Cap ETF during the 4th quarter worth $559,000. IHT Wealth Management LLC lifted its holdings in iShares Morningstar Mid-Cap ETF by 2.9% during the 4th quarter. IHT Wealth Management LLC now owns 5,665 shares of the company’s stock worth $469,000 after buying an additional 158 shares in the last quarter. Hilltop Holdings Inc. boosted its position in iShares Morningstar Mid-Cap ETF by 3.7% in the 4th quarter. Hilltop Holdings Inc. now owns 7,953 shares of the company’s stock valued at $658,000 after buying an additional 282 shares during the last quarter. Finally, Capital Planning Advisors LLC boosted its position in iShares Morningstar Mid-Cap ETF by 6.5% in the 4th quarter. Capital Planning Advisors LLC now owns 8,537 shares of the company’s stock valued at $706,000 after buying an additional 522 shares during the last quarter. 22.26% of the stock is currently owned by institutional investors and hedge funds.

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.