iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Sees Large Volume Increase – Should You Buy?

iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) saw an uptick in trading volume on Monday . 253,818 shares changed hands during mid-day 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 Stock Performance

The company has a market capitalization of $908.08 million, a price-to-earnings ratio of 50.32 and a beta of 0.98. The business’s 50 day moving average is $78.92 and its 200 day moving average is $75.42.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. S.A. Mason LLC boosted its holdings in iShares Morningstar Mid-Cap ETF by 1.2% in the third quarter. S.A. Mason LLC now owns 11,724 shares of the company’s stock valued at $891,000 after purchasing an additional 144 shares during the last quarter. Signaturefd LLC lifted its holdings 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 buying an additional 157 shares during the period. Financial Perspectives Inc grew its holdings in iShares Morningstar Mid-Cap ETF by 3.7% during the second quarter. Financial Perspectives Inc now owns 4,480 shares of the company’s stock worth $314,000 after acquiring an additional 159 shares during the period. FMR LLC increased its holdings in shares of iShares Morningstar Mid-Cap ETF by 2.7% during the 3rd quarter. FMR LLC now owns 7,972 shares of the company’s stock valued at $606,000 after purchasing an additional 210 shares in the last quarter. Finally, Axiom Advisory LLC boosted its holdings in iShares Morningstar Mid-Cap ETF by 1.9% during the third quarter. Axiom Advisory LLC now owns 12,033 shares of the company’s stock worth $874,000 after buying an additional 220 shares in the last quarter. 22.26% of the stock is 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.