Steele Capital Management Inc. Raises Position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Steele Capital Management Inc. lifted its stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 12.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,807 shares of the company’s stock after acquiring an additional 19,922 shares during the period. Steele Capital Management Inc. owned approximately 1.46% of iShares Morningstar Mid-Cap ETF worth $13,344,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Avion Wealth bought a new position in iShares Morningstar Mid-Cap ETF in the 2nd quarter worth about $45,000. Signaturefd LLC raised its stake in iShares Morningstar Mid-Cap ETF by 12.1% in the third quarter. Signaturefd LLC now owns 1,453 shares of the company’s stock valued at $110,000 after purchasing an additional 157 shares in the last quarter. Matrix Private Capital Group LLC lifted 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 purchasing an additional 285 shares during the last quarter. Norden Group LLC purchased a new position in iShares Morningstar Mid-Cap ETF in the 2nd quarter worth approximately $240,000. Finally, Financial Perspectives Inc increased its holdings in shares of iShares Morningstar Mid-Cap ETF by 3.7% in the 2nd quarter. Financial Perspectives Inc now owns 4,480 shares of the company’s stock worth $314,000 after buying an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Stock Performance

NYSEARCA IMCB opened at $79.57 on Thursday. The company has a fifty day moving average of $76.71 and a 200-day moving average of $73.28. iShares Morningstar Mid-Cap ETF has a 52-week low of $61.54 and a 52-week high of $80.67. The company has a market capitalization of $950.86 million, a P/E ratio of 52.70 and a beta of 0.98.

iShares Morningstar Mid-Cap ETF 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.