iShares Morningstar Mid-Cap ETF $IMCB Stock Position Raised by Fortitude Financial LLC

Fortitude Financial LLC lifted its holdings in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 18.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,247 shares of the company’s stock after buying an additional 27,345 shares during the period. iShares Morningstar Mid-Cap ETF makes up 7.9% of Fortitude Financial LLC’s holdings, making the stock its 5th biggest position. Fortitude Financial LLC owned 1.00% of iShares Morningstar Mid-Cap ETF worth $16,746,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of IMCB. Mather Group LLC. purchased a new stake in iShares Morningstar Mid-Cap ETF during the 3rd quarter valued at about $39,000. Compass Financial Management LLC acquired a new stake in iShares Morningstar Mid-Cap ETF in the 2nd quarter valued at about $52,000. Western Wealth Management LLC acquired a new stake in iShares Morningstar Mid-Cap ETF in the 1st quarter valued at about $134,000. Matrix Private Capital Group LLC acquired a new stake in iShares Morningstar Mid-Cap ETF in the 1st quarter valued at about $223,000. Finally, Capital Square LLC acquired a new stake in iShares Morningstar Mid-Cap ETF in the 2nd quarter valued at about $225,000. 22.26% of the stock is owned by hedge funds and other institutional investors.

iShares Morningstar Mid-Cap ETF Stock Down 0.3%

IMCB traded down $0.29 during trading on Monday, reaching $96.40. The company’s stock had a trading volume of 22,534 shares, compared to its average volume of 39,770. The firm has a fifty day simple moving average of $97.77 and a two-hundred day simple moving average of $94.71. iShares Morningstar Mid-Cap ETF has a 1 year low of $78.89 and a 1 year high of $101.37. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 63.84 and a beta of 0.99.

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.