SB Capital Management Inc Takes $559,000 Position in iShares Morningstar Mid-Cap ETF $IMCB

SB Capital Management Inc acquired a new stake in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) during the fourth quarter, HoldingsChannel reports. The fund acquired 6,756 shares of the company’s stock, valued at approximately $559,000.

Other hedge funds also recently bought and sold shares of the company. HighTower Advisors LLC boosted its stake in iShares Morningstar Mid-Cap ETF by 3,833.4% in the fourth quarter. HighTower Advisors LLC now owns 1,846,327 shares of the company’s stock worth $152,747,000 after buying an additional 1,799,387 shares in the last quarter. Morgan Stanley raised its stake in shares of iShares Morningstar Mid-Cap ETF by 17.9% during the fourth 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 in the last quarter. Fortitude Financial LLC bought a new stake in shares of iShares Morningstar Mid-Cap ETF in the 4th quarter worth approximately $14,450,000. Wells Fargo & Company MN lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 148.4% in the 4th quarter. Wells Fargo & Company MN now owns 204,827 shares of the company’s stock worth $16,945,000 after acquiring an additional 122,352 shares during the last quarter. Finally, Northwest Wealth Advisors LLC bought a new stake in shares of iShares Morningstar Mid-Cap ETF in the 4th quarter worth approximately $9,761,000. Institutional investors own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Stock Performance

Shares of iShares Morningstar Mid-Cap ETF stock opened at $95.16 on Friday. iShares Morningstar Mid-Cap ETF has a 52-week low of $76.90 and a 52-week high of $96.50. The company has a fifty day moving average of $91.32 and a 200-day moving average of $87.23. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 63.02 and a beta of 0.99.

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.