iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sees Unusually-High Trading Volume – Time to Buy?

by · The Cerbat Gem

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB – Get Free Report) saw an uptick in trading volume on Thursday . 146,574 shares were traded during trading, an increase of 279% from the previous session’s volume of 38,669 shares.The stock last traded at $84.4750 and had previously closed at $83.90.

iShares Morningstar Mid-Cap ETF Stock Down 1.0%

The business’s 50-day simple moving average is $82.39 and its two-hundred day simple moving average is $81.24. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 55.44 and a beta of 1.04.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF

Several hedge funds have recently bought and sold shares of the company. UBS Group AG increased its stake in iShares Morningstar Mid-Cap ETF by 0.9% during the third quarter. UBS Group AG now owns 1,321,405 shares of the company’s stock worth $109,743,000 after purchasing an additional 12,134 shares during the period. RMG Wealth Management LLC grew its holdings in shares of iShares Morningstar Mid-Cap ETF by 4.3% in the third quarter. RMG Wealth Management LLC now owns 1,129,819 shares of the company’s stock valued at $93,679,000 after purchasing an additional 46,110 shares in the last quarter. Means Investment CO. Inc. increased its stake in iShares Morningstar Mid-Cap ETF by 28.8% during the 3rd quarter. Means Investment CO. Inc. now owns 411,047 shares of the company’s stock worth $34,137,000 after buying an additional 91,994 shares during the period. Steele Capital Management Inc. increased its stake in iShares Morningstar Mid-Cap ETF by 5.5% during the 3rd quarter. Steele Capital Management Inc. now owns 187,000 shares of the company’s stock worth $15,530,000 after buying an additional 9,783 shares during the period. Finally, Matrix Trust Co lifted its holdings in iShares Morningstar Mid-Cap ETF by 5.5% during the 3rd quarter. Matrix Trust Co now owns 186,998 shares of the company’s stock worth $15,530,000 after buying an additional 9,782 shares in the last quarter. Institutional investors and hedge funds own 22.26% of the company’s stock.

About iShares Morningstar Mid-Cap ETF

(Get Free Report)

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.

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