Fortitude Financial LLC Lowers Stock Holdings in iShares Morningstar Mid-Cap ETF $IMCB

Fortitude Financial LLC cut its stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 17.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,902 shares of the company’s stock after selling 32,639 shares during the period. iShares Morningstar Mid-Cap ETF comprises approximately 13.0% of Fortitude Financial LLC’s holdings, making the stock its 4th largest holding. Fortitude Financial LLC owned approximately 0.88% of iShares Morningstar Mid-Cap ETF worth $14,475,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Allegheny Financial Group boosted its stake in iShares Morningstar Mid-Cap ETF by 4.0% in the 1st quarter. Allegheny Financial Group now owns 3,403 shares of the company’s stock valued at $284,000 after buying an additional 130 shares in the last quarter. IHT Wealth Management LLC raised its stake in iShares Morningstar Mid-Cap ETF by 2.9% during the fourth quarter. IHT Wealth Management LLC now owns 5,665 shares of the company’s stock worth $469,000 after acquiring an additional 158 shares in the last quarter. Capital Investment Advisory Services LLC lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 50.0% during the fourth quarter. Capital Investment Advisory Services LLC now owns 498 shares of the company’s stock valued at $41,000 after acquiring an additional 166 shares during the period. Hoxton Planning & Management LLC lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 3.5% during the fourth quarter. Hoxton Planning & Management LLC now owns 5,197 shares of the company’s stock valued at $430,000 after acquiring an additional 177 shares during the period. Finally, Mariner LLC lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 2.7% during the fourth quarter. Mariner LLC now owns 7,316 shares of the company’s stock valued at $605,000 after acquiring an additional 195 shares during the period. 22.26% of the stock is owned by institutional investors and hedge funds.

iShares Morningstar Mid-Cap ETF Stock Performance

Shares of NYSEARCA:IMCB opened at $99.69 on Monday. The company’s fifty day moving average is $96.18 and its 200-day moving average is $90.51. iShares Morningstar Mid-Cap ETF has a 52 week low of $78.89 and a 52 week high of $99.88. The company has a market capitalization of $1.70 billion, a PE ratio of 66.02 and a beta of 0.99.

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.