iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sees Strong Trading Volume – Still a Buy?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) shares saw an uptick in trading volume on Tuesday . 40,418 shares traded hands during mid-day trading, an increase of 52% from the previous session’s volume of 26,505 shares.The stock last traded at $80.30 and had previously closed at $80.92.

iShares Morningstar Mid-Cap ETF Price Performance

The stock’s 50-day moving average price is $78.58 and its 200 day moving average price is $74.33. The firm has a market cap of $960.54 million, a P/E ratio of 53.23 and a beta of 0.98.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF

Large investors have recently modified their holdings of the business. Signaturefd LLC grew its position in shares of iShares Morningstar Mid-Cap ETF by 12.1% in the 3rd quarter. Signaturefd LLC now owns 1,453 shares of the company’s stock valued at $110,000 after acquiring an additional 157 shares during the period. Norden Group LLC acquired a new stake in iShares Morningstar Mid-Cap ETF during the 2nd quarter valued at $240,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of iShares Morningstar Mid-Cap ETF by 2.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,817 shares of the company’s stock valued at $1,810,000 after purchasing an additional 578 shares during the last quarter. Financial Perspectives Inc raised its position in shares of iShares Morningstar Mid-Cap ETF by 3.7% in the second quarter. Financial Perspectives Inc now owns 4,480 shares of the company’s stock valued at $314,000 after purchasing an additional 159 shares during the period. Finally, Proactive Wealth Strategies LLC acquired a new stake in shares of iShares Morningstar Mid-Cap ETF during the 3rd quarter worth about $322,000. 22.26% of the stock is currently owned by institutional investors and hedge funds.

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.