Fortitude Financial LLC Sells 32,639 Shares of iShares Morningstar Mid-Cap ETF $IMCB

Fortitude Financial LLC cut its holdings in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 17.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,902 shares of the company’s stock after selling 32,639 shares during the period. iShares Morningstar Mid-Cap ETF comprises approximately 13.0% of Fortitude Financial LLC’s holdings, making the stock its 4th largest holding. Fortitude Financial LLC’s holdings in iShares Morningstar Mid-Cap ETF were worth $14,475,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Allegheny Financial Group raised its position in 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 valued at $284,000 after purchasing an additional 130 shares during the last quarter. IHT Wealth Management LLC grew its holdings in shares of iShares Morningstar Mid-Cap ETF by 2.9% during the fourth quarter. IHT Wealth Management LLC now owns 5,665 shares of the company’s stock worth $469,000 after purchasing an additional 158 shares during the last quarter. Capital Investment Advisory Services LLC increased its stake in shares of iShares Morningstar Mid-Cap ETF by 50.0% in the fourth 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 stake in shares of iShares Morningstar Mid-Cap ETF by 3.5% in the fourth 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, Mariner LLC increased its stake in shares of iShares Morningstar Mid-Cap ETF by 2.7% in the fourth quarter. Mariner LLC now owns 7,316 shares of the company’s stock valued at $605,000 after buying an additional 195 shares in the last quarter. 22.26% of the stock is owned by institutional investors and hedge funds.

iShares Morningstar Mid-Cap ETF Price Performance

iShares Morningstar Mid-Cap ETF stock opened at $99.69 on Monday. The stock has a 50-day simple moving average of $96.18 and a 200 day simple moving average of $90.51. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 66.02 and a beta of 0.99. iShares Morningstar Mid-Cap ETF has a 12-month low of $78.89 and a 12-month high of $99.88.

iShares Morningstar Mid-Cap ETF 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.