iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sets New 52-Week High – Should You Buy?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) hit a new 52-week high during trading on Monday . The stock traded as high as $99.88 and last traded at $99.87, with a volume of 9064 shares. The stock had previously closed at $99.69.

iShares Morningstar Mid-Cap ETF Price Performance

The company’s fifty day simple moving average is $96.18 and its 200-day simple moving average is $90.51. The firm has a market capitalization of $1.71 billion, a PE ratio of 66.09 and a beta of 0.99.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap ETF

Several institutional investors have recently bought and sold shares of IMCB. Royal Bank of Canada lifted its position in shares of iShares Morningstar Mid-Cap ETF by 0.8% in the first quarter. Royal Bank of Canada now owns 46,267 shares of the company’s stock valued at $3,428,000 after acquiring an additional 369 shares in the last quarter. Creative Planning raised its stake in iShares Morningstar Mid-Cap ETF by 13.9% in the 2nd quarter. Creative Planning now owns 4,592 shares of the company’s stock valued at $366,000 after purchasing an additional 562 shares during the last quarter. JPMorgan Chase & Co. raised its stake in iShares Morningstar Mid-Cap ETF by 4.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 25,892 shares of the company’s stock valued at $2,063,000 after purchasing an additional 993 shares during the last quarter. Bank of America Corp DE lifted its holdings in iShares Morningstar Mid-Cap ETF by 3.3% in the 2nd quarter. Bank of America Corp DE now owns 92,496 shares of the company’s stock valued at $7,368,000 after purchasing an additional 2,983 shares in the last quarter. Finally, MML Investors Services LLC lifted its holdings in iShares Morningstar Mid-Cap ETF by 1.1% in the 2nd quarter. MML Investors Services LLC now owns 121,599 shares of the company’s stock valued at $9,687,000 after purchasing an additional 1,298 shares in the last quarter. 22.26% of the stock is currently owned by institutional investors and hedge funds.

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.