iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sees Large Volume Increase – What’s Next?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) shares saw unusually-high trading volume on Monday . Approximately 253,818 shares traded hands during trading, an increase of 208% from the previous session’s volume of 82,403 shares.The stock last traded at $75.66 and had previously closed at $75.65.

iShares Morningstar Mid-Cap ETF Price Performance

The company has a market cap of $928.99 million, a PE ratio of 51.48 and a beta of 0.98. The firm has a 50-day simple moving average of $78.93 and a two-hundred day simple moving average of $75.51.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap ETF

Several hedge funds have recently made changes to their positions in the business. Townsquare Capital LLC increased its position in iShares Morningstar Mid-Cap ETF by 7.4% during the third 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 grew its stake in shares of 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 valued at $16,070,000 after buying an additional 5,479 shares during the period. Steele Capital Management Inc. increased its holdings in shares of iShares Morningstar Mid-Cap ETF by 12.9% during the 3rd quarter. Steele Capital Management Inc. now owns 174,807 shares of the company’s stock worth $13,344,000 after buying an additional 19,922 shares during the last quarter. Matrix Trust Co raised its position in shares of iShares Morningstar Mid-Cap ETF by 12.9% in the 3rd quarter. Matrix Trust Co now owns 174,805 shares of the company’s stock worth $13,289,000 after buying an additional 19,922 shares during the period. Finally, Means Investment CO. Inc. boosted its holdings in 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 acquiring an additional 11,138 shares during the last quarter. Institutional investors and hedge funds 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.