Diversify Advisory Services LLC Invests $650,000 in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Diversify Advisory Services LLC purchased a new stake in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,985 shares of the company’s stock, valued at approximately $650,000. Diversify Advisory Services LLC owned about 0.07% of iShares Morningstar Mid-Cap ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its holdings in 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 valued at $11,657,000 after buying an additional 47,245 shares during the last quarter. RFG Advisory LLC bought a new position in iShares Morningstar Mid-Cap ETF in the 4th quarter worth $204,000. Tower Research Capital LLC TRC raised its holdings in iShares Morningstar Mid-Cap ETF by 38.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,947 shares of the company’s stock worth $475,000 after purchasing an additional 2,195 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in iShares Morningstar Mid-Cap ETF by 5.7% in the 4th quarter. J.W. Cole Advisors Inc. now owns 14,121 shares of the company’s stock worth $948,000 after purchasing an additional 761 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in iShares Morningstar Mid-Cap ETF by 10.0% in the 4th quarter. Truist Financial Corp now owns 22,146 shares of the company’s stock worth $1,487,000 after purchasing an additional 2,016 shares in the last quarter. 22.26% of the stock is currently owned by institutional investors.

iShares Morningstar Mid-Cap ETF Trading Down 0.1 %

NYSEARCA IMCB traded down $0.05 during trading on Friday, hitting $69.90. The company had a trading volume of 9,330 shares, compared to its average volume of 22,303. iShares Morningstar Mid-Cap ETF has a one year low of $55.98 and a one year high of $72.92. The company has a market cap of $835.29 million, a price-to-earnings ratio of 46.29 and a beta of 0.98. The company’s fifty day moving average is $70.54 and its 200-day moving average is $69.36.

iShares Morningstar Mid-Cap ETF 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.