iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Reaches New 1-Year High – Time to Buy?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)’s share price hit a new 52-week high on Thursday . The company traded as high as $93.41 and last traded at $93.41, with a volume of 5633 shares changing hands. The stock had previously closed at $92.79.

iShares Morningstar Mid-Cap ETF Trading Up 0.7%

The business’s fifty day moving average price is $87.92 and its 200 day moving average price is $85.81. The company has a market capitalization of $1.61 billion, a P/E ratio of 61.87 and a beta of 1.00.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 3,833.4% during the 4th quarter. HighTower Advisors LLC now owns 1,846,327 shares of the company’s stock worth $152,747,000 after acquiring an additional 1,799,387 shares during the period. Morgan Stanley lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 17.9% during the 4th quarter. Morgan Stanley now owns 1,501,549 shares of the company’s stock worth $124,223,000 after acquiring an additional 228,216 shares during the period. UBS Group AG lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 0.8% during the 4th quarter. UBS Group AG now owns 1,331,760 shares of the company’s stock worth $110,177,000 after acquiring an additional 10,355 shares during the period. RMG Wealth Management LLC bought a new position in shares of iShares Morningstar Mid-Cap ETF during the 1st quarter worth about $117,280,000. Finally, Means Investment CO. Inc. lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 4.1% during the 4th quarter. Means Investment CO. Inc. now owns 428,013 shares of the company’s stock worth $35,410,000 after acquiring an additional 16,966 shares during the period. 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.