iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Reaches New 52-Week High at $74.71

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) shares reached a new 52-week high during trading on Monday . The stock traded as high as $74.71 and last traded at $74.53, with a volume of 7526 shares. The stock had previously closed at $74.21.

iShares Morningstar Mid-Cap ETF Trading Down 0.2 %

The firm has a market capitalization of $893.50 million, a P/E ratio of 49.56 and a beta of 0.98. The stock has a 50-day simple moving average of $72.44 and a two-hundred day simple moving average of $71.27.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF

Several institutional investors have recently made changes to their positions in IMCB. Private Advisor Group LLC bought a new position in iShares Morningstar Mid-Cap ETF during the 4th quarter worth about $220,000. Corient Private Wealth LLC increased its holdings in iShares Morningstar Mid-Cap ETF by 13.6% during the fourth quarter. Corient Private Wealth LLC now owns 41,173 shares of the company’s stock valued at $2,764,000 after buying an additional 4,930 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in iShares Morningstar Mid-Cap ETF by 0.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 53,433 shares of the company’s stock worth $3,587,000 after buying an additional 172 shares in the last quarter. Parallel Advisors LLC purchased a new stake in iShares Morningstar Mid-Cap ETF during the fourth quarter worth $39,000. Finally, ICA Group Wealth Management LLC purchased a new stake in iShares Morningstar Mid-Cap ETF during the fourth quarter worth $80,000. Hedge funds and other institutional investors own 22.26% of the company’s stock.

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.