iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Reaches New 52-Week Low – Here’s What Happened

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $67.95 and last traded at $67.71, with a volume of 26223 shares. The stock had previously closed at $71.15.

iShares Morningstar Mid-Cap ETF Price Performance

The company has a market cap of $801.73 million, a price-to-earnings ratio of 44.43 and a beta of 1.10. The business’s fifty day moving average price is $76.49 and its 200 day moving average price is $77.41.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap ETF

A number of institutional investors have recently made changes to their positions in IMCB. Global Wealth Strategies & Associates bought a new position in shares of iShares Morningstar Mid-Cap ETF during the first quarter worth about $81,000. Wealth Enhancement Advisory Services LLC raised its holdings in iShares Morningstar Mid-Cap ETF by 21.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 31,026 shares of the company’s stock worth $2,363,000 after purchasing an additional 5,505 shares during the last quarter. United Advisor Group LLC bought a new position in iShares Morningstar Mid-Cap ETF during the 4th quarter worth approximately $1,300,000. EPG Wealth Management LLC lifted its position in shares of iShares Morningstar Mid-Cap ETF by 26.2% in the 4th quarter. EPG Wealth Management LLC now owns 1,796 shares of the company’s stock worth $137,000 after purchasing an additional 373 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of iShares Morningstar Mid-Cap ETF by 7.1% in the 4th quarter. Cetera Investment Advisers now owns 184,243 shares of the company’s stock valued at $14,030,000 after purchasing an additional 12,169 shares during the last quarter. Institutional investors own 22.26% of the company’s stock.

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.