Matrix Trust Co Acquires 9,782 Shares of iShares Morningstar Mid-Cap ETF $IMCB

Matrix Trust Co increased its holdings in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 5.5% in the 3rd quarter, Holdings Channel reports. The fund owned 186,998 shares of the company’s stock after buying an additional 9,782 shares during the quarter. iShares Morningstar Mid-Cap ETF accounts for about 2.4% of Matrix Trust Co’s investment portfolio, making the stock its 13th biggest position. Matrix Trust Co’s holdings in iShares Morningstar Mid-Cap ETF were worth $15,530,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Financial Gravity Companies Inc. bought a new position in shares of iShares Morningstar Mid-Cap ETF during the second quarter valued at approximately $26,000. Ameritas Advisory Services LLC purchased a new stake in shares of iShares Morningstar Mid-Cap ETF in the second quarter worth $29,000. Wealth Preservation Advisors LLC bought a new position in shares of iShares Morningstar Mid-Cap ETF during the first quarter valued at $52,000. Silicon Valley Capital Partners bought a new stake in iShares Morningstar Mid-Cap ETF during the 1st quarter valued at about $70,000. Finally, Archer Investment Corp increased its position in shares of iShares Morningstar Mid-Cap ETF by 242.4% during the second quarter. Archer Investment Corp now owns 1,099 shares of the company’s stock valued at $88,000 after acquiring an additional 778 shares in the last quarter. Hedge funds and other institutional investors own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Price Performance

IMCB stock opened at $83.86 on Tuesday. iShares Morningstar Mid-Cap ETF has a 1-year low of $64.02 and a 1-year high of $84.78. The business has a fifty day moving average price of $82.44 and a 200-day moving average price of $81.55. The stock has a market capitalization of $1.35 billion, a P/E ratio of 55.54 and a beta of 1.04.

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.