Portside Wealth Group LLC Sells 449 Shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Portside Wealth Group LLC reduced its position in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 1.8% during the fourth quarter, Holdings Channel reports. The firm owned 24,746 shares of the company’s stock after selling 449 shares during the period. Portside Wealth Group LLC’s holdings in iShares Morningstar Mid-Cap ETF were worth $1,881,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IMCB. Envestnet Asset Management Inc. grew its stake in iShares Morningstar Mid-Cap ETF by 17.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 46,181 shares of the company’s stock valued at $3,237,000 after purchasing an additional 6,900 shares during the period. Matrix Private Capital Group LLC grew its position in iShares Morningstar Mid-Cap ETF by 12.0% during the second quarter. Matrix Private Capital Group LLC now owns 2,664 shares of the company’s stock valued at $187,000 after buying an additional 285 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in iShares Morningstar Mid-Cap ETF by 20.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,594 shares of the company’s stock worth $1,233,000 after buying an additional 2,948 shares during the last quarter. Truist Financial Corp raised its position in iShares Morningstar Mid-Cap ETF by 12.1% in the second quarter. Truist Financial Corp now owns 22,863 shares of the company’s stock worth $1,603,000 after acquiring an additional 2,466 shares during the period. Finally, Axiom Advisory LLC boosted its stake in iShares Morningstar Mid-Cap ETF by 1.9% in the third quarter. Axiom Advisory LLC now owns 12,033 shares of the company’s stock valued at $874,000 after acquiring an additional 220 shares during the last quarter. 22.26% of the stock is currently owned by hedge funds and other institutional investors.

iShares Morningstar Mid-Cap ETF Stock Up 0.5 %

iShares Morningstar Mid-Cap ETF stock opened at $78.89 on Friday. The company has a market capitalization of $942.74 million, a P/E ratio of 52.25 and a beta of 0.98. The firm has a 50 day moving average price of $78.88 and a 200-day moving average price of $75.65. iShares Morningstar Mid-Cap ETF has a twelve month low of $64.93 and a twelve month high of $82.52.

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.