iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Stock Price Down 0.8% – Here’s What Happened

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)’s stock price were down 0.8% during trading on Monday. The stock traded as low as $95.00 and last traded at $95.24. 33,905 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 39,631 shares. The stock had previously closed at $95.97.

iShares Morningstar Mid-Cap ETF Stock Down 0.1%

The stock has a 50-day moving average of $98.09 and a 200 day moving average of $93.50. The stock has a market cap of $1.67 billion, a PE ratio of 62.97 and a beta of 0.98.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IMCB. IFP Advisors Inc grew its stake in shares of iShares Morningstar Mid-Cap ETF by 2.5% in the 2nd quarter. IFP Advisors Inc now owns 5,216 shares of the company’s stock valued at $504,000 after buying an additional 127 shares during the period. Allegheny Financial Group lifted its holdings in iShares Morningstar Mid-Cap ETF by 4.0% in the first quarter. Allegheny Financial Group now owns 3,403 shares of the company’s stock valued at $284,000 after acquiring an additional 130 shares during the last quarter. Private Advisor Group LLC lifted its holdings in iShares Morningstar Mid-Cap ETF by 10.1% in the first quarter. Private Advisor Group LLC now owns 3,192 shares of the company’s stock valued at $266,000 after acquiring an additional 293 shares during the last quarter. Three Seasons Wealth LLC grew its position in iShares Morningstar Mid-Cap ETF by 4.5% in the first quarter. Three Seasons Wealth LLC now owns 7,170 shares of the company’s stock worth $598,000 after acquiring an additional 309 shares during the period. Finally, Hoxton Planning & Management LLC increased its stake in iShares Morningstar Mid-Cap ETF by 7.5% during the first quarter. Hoxton Planning & Management LLC now owns 5,586 shares of the company’s stock worth $466,000 after acquiring an additional 389 shares during the last quarter. Institutional investors and hedge funds own 22.26% of the company’s stock.

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.