Envestnet Asset Management Inc. Grows Stake in iShares Morningstar Mid-Cap ETF $IMCB

Envestnet Asset Management Inc. grew its stake in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 15.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,757 shares of the company’s stock after acquiring an additional 10,553 shares during the quarter. Envestnet Asset Management Inc. owned about 0.50% of iShares Morningstar Mid-Cap ETF worth $6,458,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of IMCB. RMG Wealth Management LLC grew its position in iShares Morningstar Mid-Cap ETF by 4.3% during the 3rd quarter. RMG Wealth Management LLC now owns 1,129,819 shares of the company’s stock valued at $93,679,000 after purchasing an additional 46,110 shares during the last quarter. Steele Capital Management Inc. grew its holdings in shares of iShares Morningstar Mid-Cap ETF by 5.5% during the third quarter. Steele Capital Management Inc. now owns 187,000 shares of the company’s stock valued at $15,530,000 after buying an additional 9,783 shares during the last quarter. Matrix Trust Co increased its position in shares of iShares Morningstar Mid-Cap ETF by 5.5% during the third quarter. Matrix Trust Co now owns 186,998 shares of the company’s stock valued at $15,530,000 after acquiring an additional 9,782 shares in the last quarter. Cetera Investment Advisers increased its position in shares of iShares Morningstar Mid-Cap ETF by 0.9% during the second quarter. Cetera Investment Advisers now owns 181,928 shares of the company’s stock valued at $14,492,000 after acquiring an additional 1,612 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its holdings in iShares Morningstar Mid-Cap ETF by 2,080.9% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 153,163 shares of the company’s stock worth $12,201,000 after acquiring an additional 146,140 shares during the last quarter. Hedge funds and other institutional investors own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Trading Up 0.5%

Shares of IMCB opened at $88.16 on Friday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 58.38 and a beta of 1.04. The business’s fifty day simple moving average is $85.37 and its two-hundred day simple moving average is $83.33. iShares Morningstar Mid-Cap ETF has a 12 month low of $64.02 and a 12 month high of $88.70.

iShares Morningstar Mid-Cap ETF Company 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.