iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sees Strong Trading Volume

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) saw unusually-strong trading volume on Wednesday . Approximately 71,408 shares traded hands during mid-day trading, an increase of 260% from the previous session’s volume of 19,822 shares.The stock last traded at $69.53 and had previously closed at $69.56.

iShares Morningstar Mid-Cap ETF Stock Up 0.2 %

The business’s 50-day moving average is $70.38 and its two-hundred day moving average is $65.87. The stock has a market capitalization of $836.41 million, a PE ratio of 46.07 and a beta of 0.99.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IMCB. Headinvest LLC purchased a new position in shares of iShares Morningstar Mid-Cap ETF during the third quarter valued at approximately $29,000. Parallel Advisors LLC acquired a new position in iShares Morningstar Mid-Cap ETF during the 4th quarter worth $39,000. ICA Group Wealth Management LLC bought a new position in shares of iShares Morningstar Mid-Cap ETF in the 4th quarter worth about $80,000. Bouchey Financial Group Ltd bought a new position in shares of iShares Morningstar Mid-Cap ETF in the 3rd quarter worth about $202,000. Finally, RFG Advisory LLC bought a new stake in iShares Morningstar Mid-Cap ETF in the 4th quarter valued at about $204,000. 22.26% of the stock is currently owned by institutional investors and hedge funds.

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.