iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sees Strong Trading Volume – Should You Buy?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) shares saw strong trading volume on Thursday . 70,579 shares changed hands during trading, an increase of 162% from the previous session’s volume of 26,942 shares.The stock last traded at $75.85 and had previously closed at $76.15.

iShares Morningstar Mid-Cap ETF Stock Up 1.2 %

The company has a fifty day moving average price of $78.86 and a two-hundred day moving average price of $75.13. The firm has a market capitalization of $920.63 million, a price-to-earnings ratio of 51.02 and a beta of 0.98.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF

A number of large investors have recently made changes to their positions in IMCB. Townsquare Capital LLC raised its position in shares of iShares Morningstar Mid-Cap ETF by 7.4% during the 3rd quarter. Townsquare Capital LLC now owns 561,771 shares of the company’s stock worth $42,706,000 after purchasing an additional 38,563 shares during the last quarter. Raymond James & Associates increased its position in iShares Morningstar Mid-Cap ETF by 2.7% during the 3rd quarter. Raymond James & Associates now owns 211,394 shares of the company’s stock worth $16,070,000 after purchasing an additional 5,479 shares in the last quarter. Steele Capital Management Inc. raised its stake in iShares Morningstar Mid-Cap ETF by 12.9% in the 3rd 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 during the last quarter. Matrix Trust Co boosted its stake in shares of iShares Morningstar Mid-Cap ETF by 12.9% during the 3rd quarter. Matrix Trust Co now owns 174,805 shares of the company’s stock worth $13,289,000 after purchasing an additional 19,922 shares during the last quarter. Finally, Means Investment CO. Inc. raised its position in shares of iShares Morningstar Mid-Cap ETF by 8.5% in the third quarter. Means Investment CO. Inc. now owns 141,510 shares of the company’s stock valued at $10,758,000 after buying an additional 11,138 shares during the last quarter. Hedge funds and other institutional investors own 22.26% of the company’s stock.

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.