Evolution Wealth Advisors LLC Acquires New Stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Evolution Wealth Advisors LLC purchased a new position in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,000 shares of the company’s stock, valued at approximately $291,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC lifted its position in iShares Morningstar Mid-Cap ETF by 19.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 377,258 shares of the company’s stock worth $25,325,000 after buying an additional 61,210 shares in the last quarter. Raymond James & Associates increased its stake in shares of iShares Morningstar Mid-Cap ETF by 9.5% during the 4th quarter. Raymond James & Associates now owns 262,119 shares of the company’s stock worth $17,596,000 after purchasing an additional 22,653 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of iShares Morningstar Mid-Cap ETF by 37.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 173,642 shares of the company’s stock worth $11,657,000 after purchasing an additional 47,245 shares during the last quarter. Steele Capital Management Inc. acquired a new position in shares of iShares Morningstar Mid-Cap ETF during the 4th quarter worth about $10,659,000. Finally, Means Investment CO. Inc. lifted its holdings in shares of iShares Morningstar Mid-Cap ETF by 17.5% during the 4th quarter. Means Investment CO. Inc. now owns 101,923 shares of the company’s stock worth $6,842,000 after acquiring an additional 15,179 shares during the period. 22.26% of the stock is owned by institutional investors.

iShares Morningstar Mid-Cap ETF Stock Performance

Shares of iShares Morningstar Mid-Cap ETF stock traded up $0.10 on Wednesday, reaching $69.95. 9,989 shares of the stock were exchanged, compared to its average volume of 22,405. The firm’s 50 day moving average is $70.53 and its 200-day moving average is $69.33. iShares Morningstar Mid-Cap ETF has a one year low of $55.98 and a one year high of $72.92. The firm has a market cap of $835.90 million, a PE ratio of 46.26 and a beta of 0.98.

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.