iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) saw strong trading volume on Thursday . 141,819 shares were traded during mid-day trading, an increase of 488% from the previous session’s volume of 24,134 shares.The stock last traded at $75.92 and had previously closed at $76.42.

iShares Morningstar Mid-Cap ETF Stock Performance

The stock has a 50-day moving average of $75.23 and a two-hundred day moving average of $72.31. The company has a market cap of $906.17 million, a P/E ratio of 50.61 and a beta of 0.98.

Institutional Trading of iShares Morningstar Mid-Cap ETF

Institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its holdings in shares of iShares Morningstar Mid-Cap ETF by 498.9% during the first quarter. Cetera Investment Advisers now owns 166,848 shares of the company’s stock valued at $12,152,000 after purchasing an additional 138,987 shares during the last quarter. Portside Wealth Group LLC bought a new stake in shares of iShares Morningstar Mid-Cap ETF in the second quarter worth $1,588,000. Matrix Trust Co increased its position in iShares Morningstar Mid-Cap ETF by 12.9% during the third quarter. Matrix Trust Co now owns 174,805 shares of the company’s stock valued at $13,289,000 after acquiring an additional 19,922 shares during the last quarter. Cetera Advisors LLC increased its position in iShares Morningstar Mid-Cap ETF by 42.7% during the first quarter. Cetera Advisors LLC now owns 52,745 shares of the company’s stock valued at $3,841,000 after acquiring an additional 15,783 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in iShares Morningstar Mid-Cap ETF by 15.0% in the first quarter. Osaic Holdings Inc. now owns 101,767 shares of the company’s stock valued at $7,415,000 after acquiring an additional 13,254 shares during the period. 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.