iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Reaches New 1-Year High – Still a Buy?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)’s stock price reached a new 52-week high on Monday . The stock traded as high as $96.07 and last traded at $96.07, with a volume of 505 shares changing hands. The stock had previously closed at $94.11.

iShares Morningstar Mid-Cap ETF Stock Down 0.4%

The firm has a market cap of $1.64 billion, a P/E ratio of 63.23 and a beta of 0.99. The firm’s fifty day moving average is $90.91 and its two-hundred day moving average is $87.06.

Institutional Trading of iShares Morningstar Mid-Cap ETF

Several institutional investors have recently bought and sold shares of the company. Olistico Wealth LLC purchased a new stake in shares of iShares Morningstar Mid-Cap ETF during the fourth quarter valued at $25,000. International Assets Investment Management LLC purchased a new stake in iShares Morningstar Mid-Cap ETF in the 4th quarter worth $25,000. Blair William & Co. IL increased its stake in iShares Morningstar Mid-Cap ETF by 2,005.3% in the 4th quarter. Blair William & Co. IL now owns 400 shares of the company’s stock worth $33,000 after buying an additional 381 shares in the last quarter. Basepoint Wealth LLC purchased a new stake in iShares Morningstar Mid-Cap ETF in the 4th quarter worth $40,000. Finally, Capital Investment Advisory Services LLC increased its stake in iShares Morningstar Mid-Cap ETF by 50.0% in the 4th quarter. Capital Investment Advisory Services LLC now owns 498 shares of the company’s stock worth $41,000 after buying an additional 166 shares in the last quarter. 22.26% of the stock is owned by hedge funds and other institutional investors.

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.