iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sees Unusually-High Trading Volume – Here’s What Happened

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) shares saw an uptick in trading volume on Thursday . 141,819 shares changed hands during trading, an increase of 488% from the previous session’s volume of 24,134 shares.The stock last traded at $75.92 and had previously closed at $76.42.

iShares Morningstar Mid-Cap ETF Price Performance

The business has a fifty day moving average of $75.23 and a 200-day moving average of $72.31. The stock has a market capitalization of $906.17 million, a price-to-earnings ratio of 50.61 and a beta of 0.98.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. S.A. Mason LLC boosted its position in shares of iShares Morningstar Mid-Cap ETF by 1.2% in the 3rd quarter. S.A. Mason LLC now owns 11,724 shares of the company’s stock valued at $891,000 after purchasing an additional 144 shares during the period. Signaturefd LLC boosted its position in shares of iShares Morningstar Mid-Cap ETF by 12.1% in the 3rd quarter. Signaturefd LLC now owns 1,453 shares of the company’s stock valued at $110,000 after purchasing an additional 157 shares during the period. Financial Perspectives Inc boosted its position in iShares Morningstar Mid-Cap ETF by 3.7% during the 2nd quarter. Financial Perspectives Inc now owns 4,480 shares of the company’s stock worth $314,000 after acquiring an additional 159 shares during the period. Axiom Advisory LLC boosted its position in iShares Morningstar Mid-Cap ETF by 1.9% during the 3rd quarter. Axiom Advisory LLC now owns 12,033 shares of the company’s stock worth $874,000 after acquiring an additional 220 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its position in iShares Morningstar Mid-Cap ETF by 4.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,764 shares of the company’s stock worth $438,000 after acquiring an additional 222 shares during the period. Institutional investors and hedge funds own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Company Profile

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.