iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Shares Sold by Pitti Group Wealth Management LLC

Pitti Group Wealth Management LLC cut its holdings in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 4.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,200 shares of the company’s stock after selling 818 shares during the period. iShares Morningstar Mid-Cap ETF makes up about 1.3% of Pitti Group Wealth Management LLC’s portfolio, making the stock its 22nd largest holding. Pitti Group Wealth Management LLC’s holdings in iShares Morningstar Mid-Cap ETF were worth $1,222,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Headinvest LLC acquired a new stake in shares of iShares Morningstar Mid-Cap ETF during the 3rd quarter valued at about $29,000. Bouchey Financial Group Ltd acquired a new stake in iShares Morningstar Mid-Cap ETF in the 3rd quarter worth about $202,000. RFG Advisory LLC acquired a new stake in iShares Morningstar Mid-Cap ETF in the 4th quarter worth about $204,000. Western Wealth Management LLC acquired a new stake in iShares Morningstar Mid-Cap ETF in the 4th quarter worth about $222,000. Finally, Addison Advisors LLC boosted its holdings in iShares Morningstar Mid-Cap ETF by 189.3% in the 4th quarter. Addison Advisors LLC now owns 4,050 shares of the company’s stock worth $272,000 after buying an additional 2,650 shares during the last quarter. 22.26% of the stock is currently owned by institutional investors and hedge funds.

iShares Morningstar Mid-Cap ETF Price Performance

IMCB stock traded up $0.18 during trading on Friday, hitting $69.81. The stock had a trading volume of 14,388 shares, compared to its average volume of 20,296. iShares Morningstar Mid-Cap ETF has a twelve month low of $55.98 and a twelve month high of $72.92. The stock has a market capitalization of $837.77 million, a P/E ratio of 46.23 and a beta of 0.99. The company’s 50-day moving average price is $70.46 and its two-hundred day moving average price is $66.03.

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.