iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Hits New 12-Month High – Time to Buy?

Shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) reached a new 52-week high on Friday . The stock traded as high as $76.33 and last traded at $76.33, with a volume of 958 shares trading hands. The stock had previously closed at $75.87.

iShares Morningstar Mid-Cap ETF Stock Up 1.0 %

The stock’s 50 day moving average is $73.62 and its two-hundred day moving average is $71.80. The company has a market capitalization of $915.73 million, a PE ratio of 50.25 and a beta of 0.98.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF

Large investors have recently bought and sold shares of the business. Avion Wealth bought a new stake in shares of iShares Morningstar Mid-Cap ETF in the 2nd quarter valued at about $45,000. ICA Group Wealth Management LLC acquired a new stake in iShares Morningstar Mid-Cap ETF in the fourth quarter valued at approximately $80,000. Matrix Private Capital Group LLC grew its holdings in iShares Morningstar Mid-Cap ETF by 12.0% in the second quarter. Matrix Private Capital Group LLC now owns 2,664 shares of the company’s stock worth $187,000 after purchasing an additional 285 shares during the last quarter. Norden Group LLC purchased a new stake in shares of iShares Morningstar Mid-Cap ETF during the 2nd quarter valued at $240,000. Finally, Evolution Wealth Advisors LLC acquired a new stake in shares of iShares Morningstar Mid-Cap ETF in the 1st quarter worth $291,000. Institutional investors 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.