iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Reaches New 1-Year High – What’s Next?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) shares reached a new 52-week high on Friday . The stock traded as high as $92.31 and last traded at $92.06, with a volume of 5810 shares changing hands. The stock had previously closed at $91.32.

iShares Morningstar Mid-Cap ETF Stock Up 0.9%

The stock has a market capitalization of $1.58 billion, a P/E ratio of 61.01 and a beta of 1.00. The firm’s 50 day simple moving average is $87.25 and its two-hundred day simple moving average is $85.51.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC increased 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 valued at $152,747,000 after purchasing an additional 1,799,387 shares in the last quarter. Morgan Stanley increased its stake in iShares Morningstar Mid-Cap ETF by 17.9% in the fourth quarter. Morgan Stanley now owns 1,501,549 shares of the company’s stock valued at $124,223,000 after purchasing an additional 228,216 shares in the last quarter. UBS Group AG increased its stake in iShares Morningstar Mid-Cap ETF by 0.8% in the fourth quarter. UBS Group AG now owns 1,331,760 shares of the company’s stock valued at $110,177,000 after purchasing an additional 10,355 shares in the last quarter. RMG Wealth Management LLC bought a new stake in iShares Morningstar Mid-Cap ETF in the first quarter valued at $117,280,000. Finally, Means Investment CO. Inc. increased its stake in iShares Morningstar Mid-Cap ETF by 4.1% in the fourth quarter. Means Investment CO. Inc. now owns 428,013 shares of the company’s stock valued at $35,410,000 after purchasing an additional 16,966 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.