Rede Wealth LLC Has $984,000 Stock Position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Rede Wealth LLC lessened its position in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 18.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,925 shares of the company’s stock after selling 2,961 shares during the quarter. iShares Morningstar Mid-Cap ETF makes up about 0.4% of Rede Wealth LLC’s investment portfolio, making the stock its 27th largest position. Rede Wealth LLC owned 0.11% of iShares Morningstar Mid-Cap ETF worth $984,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of IMCB. Aptus Capital Advisors LLC acquired a new stake in iShares Morningstar Mid-Cap ETF during the third quarter worth $7,626,000. Stratos Wealth Partners LTD. acquired a new position in shares of iShares Morningstar Mid-Cap ETF in the 4th quarter worth approximately $4,494,000. EWG Elevate Inc. acquired a new stake in iShares Morningstar Mid-Cap ETF in the 4th quarter valued at $3,235,000. Townsquare Capital LLC boosted its stake in iShares Morningstar Mid-Cap ETF by 7.4% in the 3rd quarter. Townsquare Capital LLC now owns 561,771 shares of the company’s stock valued at $42,706,000 after buying an additional 38,563 shares in the last quarter. Finally, MML Investors Services LLC grew its position in iShares Morningstar Mid-Cap ETF by 25.2% in the third quarter. MML Investors Services LLC now owns 110,379 shares of the company’s stock valued at $8,391,000 after acquiring an additional 22,198 shares during the period. 22.26% of the stock is currently owned by institutional investors.

iShares Morningstar Mid-Cap ETF Stock Performance

Shares of NYSEARCA IMCB opened at $79.07 on Friday. iShares Morningstar Mid-Cap ETF has a 52-week low of $66.54 and a 52-week high of $82.52. The business has a fifty day moving average of $78.53 and a two-hundred day moving average of $76.49. The stock has a market cap of $944.89 million, a PE ratio of 52.36 and a beta of 0.98.

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.