iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sees Unusually-High Trading Volume – Time to Buy?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) saw strong trading volume on Monday . 253,818 shares changed hands during trading, an increase of 208% from the previous session’s volume of 82,403 shares.The stock last traded at $75.66 and had previously closed at $75.65.

iShares Morningstar Mid-Cap ETF Trading Up 1.1 %

The business’s 50-day simple moving average is $78.93 and its two-hundred day simple moving average is $75.51. The company has a market capitalization of $928.99 million, a PE ratio of 51.48 and a beta of 0.98.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Townsquare Capital LLC raised its holdings in iShares Morningstar Mid-Cap ETF by 7.4% in the third quarter. Townsquare Capital LLC now owns 561,771 shares of the company’s stock valued at $42,706,000 after acquiring an additional 38,563 shares in the last quarter. Raymond James & Associates grew its holdings in iShares Morningstar Mid-Cap ETF by 2.7% during the 3rd quarter. Raymond James & Associates now owns 211,394 shares of the company’s stock worth $16,070,000 after acquiring an additional 5,479 shares in the last quarter. Steele Capital Management Inc. increased its position in shares of iShares Morningstar Mid-Cap ETF by 12.9% in the 3rd quarter. Steele Capital Management Inc. now owns 174,807 shares of the company’s stock worth $13,344,000 after purchasing an additional 19,922 shares during the last quarter. Matrix Trust Co raised its stake in shares of iShares Morningstar Mid-Cap ETF by 12.9% in the 3rd quarter. Matrix Trust Co now owns 174,805 shares of the company’s stock valued at $13,289,000 after purchasing an additional 19,922 shares in the last quarter. Finally, Means Investment CO. Inc. lifted its position in shares of iShares Morningstar Mid-Cap ETF by 8.5% during the third quarter. Means Investment CO. Inc. now owns 141,510 shares of the company’s stock worth $10,758,000 after purchasing an additional 11,138 shares during the last quarter. 22.26% of the stock is currently 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.