iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sees Strong Trading Volume – What’s Next?

Posted by Scott Moore on Nov 2nd, 2024

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB – Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 141,819 shares were traded during mid-day trading, an increase of 488% from the previous session’s volume of 24,134 shares.The stock last traded at $75.92 and had previously closed at $76.42.

iShares Morningstar Mid-Cap ETF Trading Down 0.0 %

The firm’s 50-day moving average price is $75.30 and its 200 day moving average price is $72.38. The company has a market capitalization of $902.27 million, a price-to-earnings ratio of 50.00 and a beta of 0.98.

Institutional Trading of iShares Morningstar Mid-Cap ETF

Several institutional investors have recently made changes to their positions in IMCB. Avion Wealth bought a new position in iShares Morningstar Mid-Cap ETF during the second quarter valued at about $45,000. Signaturefd LLC boosted its position in iShares Morningstar Mid-Cap ETF by 12.1% during the third quarter. Signaturefd LLC now owns 1,453 shares of the company’s stock worth $110,000 after purchasing an additional 157 shares during the period. Matrix Private Capital Group LLC boosted 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 worth $187,000 after purchasing an additional 285 shares during the period. Norden Group LLC bought a new position in iShares Morningstar Mid-Cap ETF during the second quarter worth about $240,000. Finally, Financial Perspectives Inc boosted its position in iShares Morningstar Mid-Cap ETF by 3.7% during the second quarter. Financial Perspectives Inc now owns 4,480 shares of the company’s stock worth $314,000 after purchasing an additional 159 shares during the period. Institutional investors own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Company Profile

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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.