Merit Financial Group LLC Acquires 2,868 Shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Merit Financial Group LLC boosted its holdings in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,058 shares of the company’s stock after purchasing an additional 2,868 shares during the period. Merit Financial Group LLC owned approximately 0.26% of iShares Morningstar Mid-Cap ETF worth $2,085,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Headinvest LLC bought a new stake in iShares Morningstar Mid-Cap ETF in the third quarter worth $29,000. RFG Advisory LLC bought a new stake in iShares Morningstar Mid-Cap ETF in the fourth quarter worth $204,000. Western Wealth Management LLC bought a new stake in iShares Morningstar Mid-Cap ETF in the fourth quarter worth $222,000. Addison Advisors LLC raised its stake in shares of iShares Morningstar Mid-Cap ETF by 189.3% during the fourth quarter. Addison Advisors LLC now owns 4,050 shares of the company’s stock valued at $272,000 after acquiring an additional 2,650 shares during the last quarter. Finally, Mutual Advisors LLC raised its stake in shares of iShares Morningstar Mid-Cap ETF by 5.7% during the fourth quarter. Mutual Advisors LLC now owns 4,312 shares of the company’s stock valued at $289,000 after acquiring an additional 232 shares during the last quarter. 22.26% of the stock is owned by institutional investors.

iShares Morningstar Mid-Cap ETF Trading Up 0.7 %

Shares of NYSEARCA:IMCB opened at $69.93 on Friday. The company has a market cap of $839.22 million, a price-to-earnings ratio of 46.31 and a beta of 0.99. The company has a 50-day moving average price of $70.56 and a 200-day moving average price of $66.32. iShares Morningstar Mid-Cap ETF has a 12 month low of $55.98 and a 12 month high of $72.92.

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.