iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sets New 12-Month High – Still a Buy?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $88.96 and last traded at $88.96, with a volume of 722 shares changing hands. The stock had previously closed at $87.97.

iShares Morningstar Mid-Cap ETF Price Performance

The company has a market capitalization of $1.54 billion, a PE ratio of 59.34 and a beta of 1.01. The firm has a 50-day moving average of $85.95 and a 200 day moving average of $84.33.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Allegheny Financial Group raised its position in shares of iShares Morningstar Mid-Cap ETF by 4.0% in the 1st quarter. Allegheny Financial Group now owns 3,403 shares of the company’s stock worth $284,000 after acquiring an additional 130 shares in the last quarter. IHT Wealth Management LLC increased its position 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 valued at $469,000 after buying an additional 158 shares in the last quarter. Capital Investment Advisory Services LLC increased its position in iShares Morningstar Mid-Cap ETF by 50.0% during the 4th quarter. Capital Investment Advisory Services LLC now owns 498 shares of the company’s stock valued at $41,000 after buying an additional 166 shares in the last quarter. Hoxton Planning & Management LLC increased its position in iShares Morningstar Mid-Cap ETF by 3.5% during the 4th quarter. Hoxton Planning & Management LLC now owns 5,197 shares of the company’s stock valued at $430,000 after buying an additional 177 shares in the last quarter. Finally, Yarger Wealth Strategies LLC increased its position in iShares Morningstar Mid-Cap ETF by 0.3% during the 3rd quarter. Yarger Wealth Strategies LLC now owns 69,153 shares of the company’s stock valued at $5,743,000 after buying an additional 189 shares in the last quarter. 22.26% of the stock is owned by institutional investors.

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.