Flagstar Advisors Inc. Trims Stake in iShares Morningstar Mid-Cap ETF $IMCB

Flagstar Advisors Inc. lowered its position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 51.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,409 shares of the company’s stock after selling 12,255 shares during the period. Flagstar Advisors Inc.’s holdings in iShares Morningstar Mid-Cap ETF were worth $944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the business. Olistico Wealth LLC acquired a new stake in iShares Morningstar Mid-Cap ETF during the 4th quarter worth approximately $25,000. Capital Investment Advisory Services LLC boosted its holdings in shares of iShares Morningstar Mid-Cap ETF by 245.8% in the third quarter. Capital Investment Advisory Services LLC now owns 332 shares of the company’s stock valued at $28,000 after acquiring an additional 236 shares in the last quarter. Ameritas Advisory Services LLC increased its stake in shares of iShares Morningstar Mid-Cap ETF by 60.8% during the third quarter. Ameritas Advisory Services LLC now owns 595 shares of the company’s stock worth $49,000 after acquiring an additional 225 shares during the period. one8zero8 LLC acquired a new position in iShares Morningstar Mid-Cap ETF during the 3rd quarter worth approximately $50,000. Finally, Greykasell Wealth Strategies Inc. acquired a new position in iShares Morningstar Mid-Cap ETF during the third quarter worth $94,000. Institutional investors and hedge funds own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Stock Down 1.3%

Shares of IMCB opened at $83.04 on Friday. The company has a 50-day simple moving average of $86.02 and a 200-day simple moving average of $83.98. iShares Morningstar Mid-Cap ETF has a 52-week low of $64.02 and a 52-week high of $88.81. The company has a market capitalization of $1.42 billion, a PE ratio of 54.99 and a beta of 1.04.

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.