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

Shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) saw an uptick in trading volume on Thursday . 70,579 shares were traded during mid-day trading, an increase of 162% from the previous session’s volume of 26,942 shares.The stock last traded at $75.85 and had previously closed at $76.15.

iShares Morningstar Mid-Cap ETF Stock Down 0.2 %

The company has a market capitalization of $908.44 million, a price-to-earnings ratio of 50.34 and a beta of 0.98. The stock’s 50-day moving average price is $78.86 and its 200-day moving average price is $75.08.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap ETF

Large investors have recently made changes to their positions in the company. S.A. Mason LLC lifted 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 buying an additional 144 shares during the period. Signaturefd LLC lifted its stake 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 purchasing an additional 157 shares during the period. Financial Perspectives Inc boosted its position in shares of iShares Morningstar Mid-Cap ETF by 3.7% in the 2nd quarter. Financial Perspectives Inc now owns 4,480 shares of the company’s stock worth $314,000 after purchasing an additional 159 shares during the last quarter. FMR LLC grew its stake in shares of iShares Morningstar Mid-Cap ETF by 2.7% during the third quarter. FMR LLC now owns 7,972 shares of the company’s stock worth $606,000 after purchasing an additional 210 shares during the period. Finally, Axiom Advisory LLC increased its holdings in iShares Morningstar Mid-Cap ETF by 1.9% in the third quarter. Axiom Advisory LLC now owns 12,033 shares of the company’s stock valued at $874,000 after purchasing an additional 220 shares during the last quarter. Institutional investors and hedge funds own 22.26% of the company’s stock.

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.