J.W. Cole Advisors Inc. Raises Holdings in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

J.W. Cole Advisors Inc. increased its position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 3.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,043 shares of the company’s stock after purchasing an additional 401 shares during the period. J.W. Cole Advisors Inc.’s holdings in iShares Morningstar Mid-Cap ETF were worth $993,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sunburst Financial Group LLC grew its stake in shares of iShares Morningstar Mid-Cap ETF by 2.0% in the 4th quarter. Sunburst Financial Group LLC now owns 102,137 shares of the company’s stock worth $7,778,000 after buying an additional 1,980 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in iShares Morningstar Mid-Cap ETF in the fourth quarter worth about $1,496,000. Stratos Wealth Partners LTD. bought a new stake in iShares Morningstar Mid-Cap ETF during the fourth quarter worth approximately $4,494,000. Means Investment CO. Inc. raised its position in iShares Morningstar Mid-Cap ETF by 11.3% during the fourth quarter. Means Investment CO. Inc. now owns 157,560 shares of the company’s stock valued at $11,998,000 after purchasing an additional 16,050 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in shares of iShares Morningstar Mid-Cap ETF by 7.7% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 18,123 shares of the company’s stock valued at $1,380,000 after purchasing an additional 1,300 shares during the last quarter. 22.26% of the stock is owned by institutional investors.

iShares Morningstar Mid-Cap ETF Stock Performance

NYSEARCA IMCB opened at $79.81 on Wednesday. The business’s 50 day moving average price is $78.24 and its 200-day moving average price is $76.88. iShares Morningstar Mid-Cap ETF has a fifty-two week low of $67.75 and a fifty-two week high of $82.52. The company has a market cap of $953.73 million, a P/E ratio of 52.85 and a beta of 0.98.

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.