Bedel Financial Consulting Inc. Raises Stock Holdings in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Bedel Financial Consulting Inc. boosted its stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 27.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,210 shares of the company’s stock after buying an additional 8,617 shares during the period. iShares Morningstar Mid-Cap ETF makes up approximately 0.4% of Bedel Financial Consulting Inc.’s portfolio, making the stock its 28th biggest position. Bedel Financial Consulting Inc.’s holdings in iShares Morningstar Mid-Cap ETF were worth $3,202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Procyon Advisors LLC raised its holdings in iShares Morningstar Mid-Cap ETF by 3.0% in the 4th quarter. Procyon Advisors LLC now owns 4,984 shares of the company’s stock valued at $380,000 after buying an additional 144 shares during the period. FMR LLC raised its holdings in iShares Morningstar Mid-Cap ETF by 2.7% in the 3rd quarter. FMR LLC now owns 7,972 shares of the company’s stock valued at $606,000 after buying an additional 210 shares during the period. Financial Perspectives Inc raised its holdings in iShares Morningstar Mid-Cap ETF by 4.5% in the 4th quarter. Financial Perspectives Inc now owns 4,968 shares of the company’s stock valued at $378,000 after buying an additional 212 shares during the period. RFG Advisory LLC increased its stake in iShares Morningstar Mid-Cap ETF by 10.9% during the fourth quarter. RFG Advisory LLC now owns 3,032 shares of the company’s stock worth $231,000 after purchasing an additional 298 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its stake in iShares Morningstar Mid-Cap ETF by 9.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 3,441 shares of the company’s stock worth $261,000 after purchasing an additional 308 shares during the period. 22.26% of the stock is currently owned by hedge funds and other institutional investors.

iShares Morningstar Mid-Cap ETF Price Performance

Shares of NYSEARCA:IMCB opened at $76.61 on Tuesday. The firm has a market capitalization of $915.49 million, a PE ratio of 50.74 and a beta of 0.98. The firm’s 50-day moving average is $78.16 and its two-hundred day moving average is $77.35. iShares Morningstar Mid-Cap ETF has a 1 year low of $68.07 and a 1 year high of $82.52.

iShares Morningstar Mid-Cap ETF 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.