Flagstar Advisors Inc. Decreases Position in iShares Morningstar Mid-Cap ETF $IMCB

Flagstar Advisors Inc. decreased its holdings in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 51.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,409 shares of the company’s stock after selling 12,255 shares during the period. Flagstar Advisors Inc. owned about 0.07% of iShares Morningstar Mid-Cap ETF worth $944,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. UBS Group AG boosted its holdings in iShares Morningstar Mid-Cap ETF by 0.9% in the third quarter. UBS Group AG now owns 1,321,405 shares of the company’s stock valued at $109,743,000 after purchasing an additional 12,134 shares during the period. RMG Wealth Management LLC grew its stake in iShares Morningstar Mid-Cap ETF by 4.3% during the 3rd quarter. RMG Wealth Management LLC now owns 1,129,819 shares of the company’s stock worth $93,679,000 after purchasing an additional 46,110 shares in the last quarter. Means Investment CO. Inc. increased its holdings in iShares Morningstar Mid-Cap ETF by 28.8% during the 3rd quarter. Means Investment CO. Inc. now owns 411,047 shares of the company’s stock worth $34,137,000 after purchasing an additional 91,994 shares during the period. Steele Capital Management Inc. increased its holdings in iShares Morningstar Mid-Cap ETF by 5.5% during the 3rd quarter. Steele Capital Management Inc. now owns 187,000 shares of the company’s stock worth $15,530,000 after purchasing an additional 9,783 shares during the period. Finally, Matrix Trust Co raised its position in iShares Morningstar Mid-Cap ETF by 5.5% in the 3rd quarter. Matrix Trust Co now owns 186,998 shares of the company’s stock valued at $15,530,000 after purchasing an additional 9,782 shares in the last quarter. Hedge funds and other institutional investors own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Stock Performance

Shares of IMCB opened at $83.04 on Friday. The stock has a 50-day simple moving average of $86.02 and a 200-day simple moving average of $83.98. The stock has a market capitalization of $1.42 billion, a PE ratio of 54.99 and a beta of 1.04. iShares Morningstar Mid-Cap ETF has a 1 year low of $64.02 and a 1 year high of $88.81.

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.