Glass Jacobson Investment Advisors llc Increases Holdings in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Glass Jacobson Investment Advisors llc raised its position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 508.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 821 shares of the company’s stock after purchasing an additional 686 shares during the period. Glass Jacobson Investment Advisors llc’s holdings in iShares Morningstar Mid-Cap ETF were worth $62,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IMCB. Wealth Enhancement Advisory Services LLC boosted its position in iShares Morningstar Mid-Cap ETF by 2.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 25,817 shares of the company’s stock valued at $1,810,000 after buying an additional 578 shares during the last quarter. Portside Wealth Group LLC purchased a new position in iShares Morningstar Mid-Cap ETF in the 2nd quarter valued at about $1,588,000. Means Investment CO. Inc. boosted its position in iShares Morningstar Mid-Cap ETF by 9.9% in the 2nd quarter. Means Investment CO. Inc. now owns 130,372 shares of the company’s stock valued at $9,138,000 after buying an additional 11,691 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in iShares Morningstar Mid-Cap ETF by 19.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 63,450 shares of the company’s stock valued at $4,447,000 after buying an additional 10,464 shares during the last quarter. Finally, Avion Wealth purchased a new position in iShares Morningstar Mid-Cap ETF in the 2nd quarter valued at about $45,000. 22.26% of the stock is owned by hedge funds and other institutional investors.

iShares Morningstar Mid-Cap ETF Price Performance

NYSEARCA:IMCB opened at $80.92 on Tuesday. The firm has a 50-day moving average of $78.39 and a two-hundred day moving average of $74.23. The stock has a market cap of $966.99 million, a P/E ratio of 53.59 and a beta of 0.98. iShares Morningstar Mid-Cap ETF has a 1-year low of $64.05 and a 1-year high of $82.52.

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.