Matrix Trust Co Purchases 9,782 Shares of iShares Morningstar Mid-Cap ETF $IMCB

Matrix Trust Co raised its holdings in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 186,998 shares of the company’s stock after buying an additional 9,782 shares during the quarter. iShares Morningstar Mid-Cap ETF comprises about 2.4% of Matrix Trust Co’s holdings, making the stock its 13th largest position. Matrix Trust Co owned 1.28% of iShares Morningstar Mid-Cap ETF worth $15,530,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. RMG Wealth Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap ETF in the 2nd quarter valued at about $87,672,000. Creative Financial Designs Inc. ADV grew its stake in iShares Morningstar Mid-Cap ETF by 2,080.9% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 153,163 shares of the company’s stock worth $12,201,000 after buying an additional 146,140 shares in the last quarter. Farther Finance Advisors LLC grew its stake in iShares Morningstar Mid-Cap ETF by 107.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 88,721 shares of the company’s stock worth $7,368,000 after buying an additional 46,030 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of iShares Morningstar Mid-Cap ETF in the 2nd quarter worth $3,070,000. Finally, Envestnet Asset Management Inc. raised its position in shares of iShares Morningstar Mid-Cap ETF by 31.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 67,204 shares of the company’s stock valued at $5,353,000 after buying an additional 16,247 shares in the last quarter. 22.26% of the stock is currently owned by institutional investors.

iShares Morningstar Mid-Cap ETF Stock Performance

NYSEARCA IMCB opened at $83.86 on Tuesday. iShares Morningstar Mid-Cap ETF has a 52-week low of $64.02 and a 52-week high of $84.78. The company has a fifty day moving average of $82.44 and a 200-day moving average of $81.55. The company has a market capitalization of $1.35 billion, a P/E ratio of 55.54 and a beta of 1.04.

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.