iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sees Large Volume Increase

Shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) saw strong trading volume on Wednesday . 71,408 shares traded hands during trading, an increase of 260% from the previous session’s volume of 19,822 shares.The stock last traded at $69.53 and had previously closed at $69.56.

iShares Morningstar Mid-Cap ETF Stock Performance

The company has a market capitalization of $837.96 million, a P/E ratio of 46.25 and a beta of 0.99. The business has a 50 day moving average of $70.46 and a 200-day moving average of $65.99.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. grew its position in iShares Morningstar Mid-Cap ETF by 0.3% during 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. PFG Investments LLC boosted its holdings in shares of iShares Morningstar Mid-Cap ETF by 4.0% in the 3rd quarter. PFG Investments LLC now owns 5,174 shares of the company’s stock worth $309,000 after purchasing an additional 200 shares in the last quarter. Mutual Advisors LLC boosted its holdings in shares of iShares Morningstar Mid-Cap ETF by 5.7% in the 4th quarter. Mutual Advisors LLC now owns 4,312 shares of the company’s stock worth $289,000 after purchasing an additional 232 shares in the last quarter. S.A. Mason LLC boosted its holdings in shares of iShares Morningstar Mid-Cap ETF by 2.7% in the 4th quarter. S.A. Mason LLC now owns 10,755 shares of the company’s stock worth $722,000 after purchasing an additional 280 shares in the last quarter. Finally, DB Wealth Management Group LLC boosted its holdings in shares of iShares Morningstar Mid-Cap ETF by 4.5% in the 3rd quarter. DB Wealth Management Group LLC now owns 8,662 shares of the company’s stock worth $517,000 after purchasing an additional 373 shares in the last quarter. 22.26% of the stock is currently owned by hedge funds and other institutional investors.

iShares Morningstar Mid-Cap ETF Company 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.