iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Reaches New 52-Week High – What’s Next?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) shares hit a new 52-week high during trading on Thursday . The company traded as high as $80.69 and last traded at $80.69, with a volume of 4866 shares. The stock had previously closed at $79.57.

iShares Morningstar Mid-Cap ETF Price Performance

The stock has a market cap of $973.92 million, a P/E ratio of 53.97 and a beta of 0.98. The business’s 50 day simple moving average is $77.00 and its 200 day simple moving average is $73.41.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Arete Wealth Advisors LLC bought a new position in iShares Morningstar Mid-Cap ETF in the 3rd quarter worth approximately $208,000. Glass Jacobson Investment Advisors llc raised its position in iShares Morningstar Mid-Cap ETF by 508.1% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 821 shares of the company’s stock worth $62,000 after purchasing an additional 686 shares during the last quarter. MML Investors Services LLC raised its position in iShares Morningstar Mid-Cap ETF by 25.2% in the 3rd quarter. MML Investors Services LLC now owns 110,379 shares of the company’s stock worth $8,391,000 after purchasing an additional 22,198 shares during the last quarter. Jane Street Group LLC raised its position in iShares Morningstar Mid-Cap ETF by 73.7% in the 3rd quarter. Jane Street Group LLC now owns 5,217 shares of the company’s stock worth $397,000 after purchasing an additional 2,213 shares during the last quarter. Finally, Townsquare Capital LLC raised its position in iShares Morningstar Mid-Cap ETF by 7.4% in the 3rd quarter. Townsquare Capital LLC now owns 561,771 shares of the company’s stock worth $42,706,000 after purchasing an additional 38,563 shares during the last quarter. 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.