iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Stock Position Decreased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. cut its stake in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 82,176 shares of the company’s stock after selling 4,489 shares during the quarter. Avantax Advisory Services Inc.’s holdings in iShares Morningstar Mid-Cap ETF were worth $6,258,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Townsquare Capital LLC lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 7.4% in the third quarter. Townsquare Capital LLC now owns 561,771 shares of the company’s stock valued at $42,706,000 after purchasing an additional 38,563 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares Morningstar Mid-Cap ETF in the fourth quarter valued at $26,324,000. Steele Capital Management Inc. lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 12.9% in the third quarter. Steele Capital Management Inc. now owns 174,807 shares of the company’s stock valued at $13,344,000 after purchasing an additional 19,922 shares in the last quarter. Means Investment CO. Inc. lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 11.3% in the fourth quarter. Means Investment CO. Inc. now owns 157,560 shares of the company’s stock valued at $11,998,000 after purchasing an additional 16,050 shares in the last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 25.2% in the third quarter. MML Investors Services LLC now owns 110,379 shares of the company’s stock valued at $8,391,000 after purchasing an additional 22,198 shares in the last quarter. 22.26% of the stock is owned by institutional investors.

iShares Morningstar Mid-Cap ETF Stock Down 1.5 %

IMCB opened at $72.01 on Friday. The stock has a fifty day moving average of $77.76 and a 200-day moving average of $77.35. The firm has a market capitalization of $860.52 million, a P/E ratio of 47.69 and a beta of 1.10. iShares Morningstar Mid-Cap ETF has a 12-month low of $68.07 and a 12-month high of $82.52.

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.