Sunburst Financial Group LLC Increases Stock Position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Sunburst Financial Group LLC raised its position in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 7.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,157 shares of the company’s stock after buying an additional 7,235 shares during the quarter. iShares Morningstar Mid-Cap ETF comprises 1.9% of Sunburst Financial Group LLC’s portfolio, making the stock its 12th biggest holding. Sunburst Financial Group LLC’s holdings in iShares Morningstar Mid-Cap ETF were worth $7,614,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC increased its position in shares of iShares Morningstar Mid-Cap ETF by 12.1% during the 3rd quarter. Signaturefd LLC now owns 1,453 shares of the company’s stock valued at $110,000 after purchasing an additional 157 shares during the last quarter. Financial Perspectives Inc grew its stake in shares of 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 valued at $314,000 after buying an additional 159 shares during the last quarter. Axiom Advisory LLC lifted its stake in shares of iShares Morningstar Mid-Cap ETF by 1.9% during the 3rd quarter. Axiom Advisory LLC now owns 12,033 shares of the company’s stock worth $874,000 after acquiring an additional 220 shares during the last quarter. Pitti Group Wealth Management LLC boosted its holdings in iShares Morningstar Mid-Cap ETF by 1.3% during the 2nd quarter. Pitti Group Wealth Management LLC now owns 18,200 shares of the company’s stock valued at $1,222,000 after acquiring an additional 228 shares during the period. Finally, Matrix Private Capital Group LLC lifted its position in shares of 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 last quarter. 22.26% of the stock is owned by hedge funds and other institutional investors.

iShares Morningstar Mid-Cap ETF Price Performance

Shares of NYSEARCA:IMCB traded up $0.30 during trading on Wednesday, reaching $76.75. 2,123 shares of the company were exchanged, compared to its average volume of 23,553. iShares Morningstar Mid-Cap ETF has a 12-month low of $56.42 and a 12-month high of $77.79. The firm has a market capitalization of $917.16 million, a PE ratio of 50.63 and a beta of 0.98. The business’s fifty day simple moving average is $75.17 and its 200-day simple moving average is $72.28.

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.