M&T Bank Corp Sells 733 Shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

M&T Bank Corp reduced its position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 16.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,636 shares of the company’s stock after selling 733 shares during the quarter. M&T Bank Corp’s holdings in iShares Morningstar Mid-Cap ETF were worth $277,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Steele Capital Management Inc. raised its holdings in iShares Morningstar Mid-Cap ETF by 12.9% in the third quarter. Steele Capital Management Inc. now owns 174,807 shares of the company’s stock worth $13,344,000 after purchasing an additional 19,922 shares in the last quarter. Nwam LLC bought a new position in iShares Morningstar Mid-Cap ETF in the third quarter worth about $939,000. Jim Saulnier & Associates LLC bought a new position in iShares Morningstar Mid-Cap ETF in the third quarter worth about $1,123,000. FMR LLC grew its stake in shares of iShares Morningstar Mid-Cap ETF by 2.7% during the third quarter. FMR LLC now owns 7,972 shares of the company’s stock worth $606,000 after acquiring an additional 210 shares during the last quarter. Finally, Townsquare Capital LLC grew its stake in shares of iShares Morningstar Mid-Cap ETF by 7.4% during the third quarter. Townsquare Capital LLC now owns 561,771 shares of the company’s stock worth $42,706,000 after acquiring an additional 38,563 shares during the last quarter. 22.26% of the stock is currently owned by institutional investors.

iShares Morningstar Mid-Cap ETF Stock Performance

Shares of IMCB stock opened at $73.76 on Friday. The stock’s 50-day simple moving average is $77.69 and its 200-day simple moving average is $77.37. The firm has a market capitalization of $881.43 million, a price-to-earnings ratio of 48.85 and a beta of 1.10. iShares Morningstar Mid-Cap ETF has a fifty-two week low of $68.07 and a fifty-two week high of $82.52.

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.