iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sets New 1-Year High – Still a Buy?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $96.81 and last traded at $96.65, with a volume of 10488 shares traded. The stock had previously closed at $95.53.

iShares Morningstar Mid-Cap ETF Price Performance

The firm has a fifty day moving average of $91.98 and a two-hundred day moving average of $87.58. The stock has a market capitalization of $1.65 billion, a P/E ratio of 63.65 and a beta of 0.99.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap ETF

Large investors have recently modified their holdings of the business. Olistico Wealth LLC bought a new position in shares of iShares Morningstar Mid-Cap ETF during the fourth quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new stake in iShares Morningstar Mid-Cap ETF during the fourth quarter worth $25,000. Blair William & Co. IL boosted its position in iShares Morningstar Mid-Cap ETF by 2,005.3% during the 4th quarter. Blair William & Co. IL now owns 400 shares of the company’s stock valued at $33,000 after acquiring an additional 381 shares in the last quarter. Basepoint Wealth LLC bought a new stake in iShares Morningstar Mid-Cap ETF during the 4th quarter valued at $40,000. Finally, Capital Investment Advisory Services LLC increased its holdings in shares of iShares Morningstar Mid-Cap ETF by 50.0% in the 4th quarter. Capital Investment Advisory Services LLC now owns 498 shares of the company’s stock valued at $41,000 after acquiring an additional 166 shares during the period. Institutional investors own 22.26% of the company’s stock.

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.