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

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) saw strong trading volume on Friday . 50,272 shares were traded during trading, an increase of 28% from the previous session’s volume of 39,148 shares.The stock last traded at $79.71 and had previously closed at $79.39.

iShares Morningstar Mid-Cap ETF Trading Down 0.0 %

The stock’s fifty day simple moving average is $78.59 and its 200 day simple moving average is $76.41. The company has a market cap of $948.29 million, a price-to-earnings ratio of 52.58 and a beta of 0.98.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap ETF

Several institutional investors have recently modified their holdings of the company. Glass Jacobson Investment Advisors llc boosted its holdings in iShares Morningstar Mid-Cap ETF by 508.1% during the third quarter. Glass Jacobson Investment Advisors llc now owns 821 shares of the company’s stock worth $62,000 after buying an additional 686 shares in the last quarter. Signaturefd LLC raised its position in shares of iShares Morningstar Mid-Cap ETF by 12.1% in the third quarter. Signaturefd LLC now owns 1,453 shares of the company’s stock valued at $110,000 after buying an additional 157 shares during the last quarter. Synergy Investment Management LLC acquired a new position in shares of iShares Morningstar Mid-Cap ETF in the fourth quarter valued at approximately $178,000. Arete Wealth Advisors LLC acquired a new position in shares of iShares Morningstar Mid-Cap ETF in the third quarter valued at approximately $208,000. Finally, Assetmark Inc. raised its stake in iShares Morningstar Mid-Cap ETF by 356.8% during the fourth quarter. Assetmark Inc. now owns 2,832 shares of the company’s stock worth $216,000 after purchasing an additional 2,212 shares during the period. 22.26% of the stock is owned by hedge funds and other institutional investors.

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.