Bedel Financial Consulting Inc. Grows Holdings in iShares Morningstar Mid-Cap ETF $IMCB

Bedel Financial Consulting Inc. increased its holdings in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 11.0% in the first quarter, Holdings Channel reports. The firm owned 59,645 shares of the company’s stock after buying an additional 5,910 shares during the quarter. iShares Morningstar Mid-Cap ETF accounts for 0.6% of Bedel Financial Consulting Inc.’s investment portfolio, making the stock its 24th biggest holding. Bedel Financial Consulting Inc.’s holdings in iShares Morningstar Mid-Cap ETF were worth $4,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of IMCB. Diversify Wealth Management LLC acquired a new position in iShares Morningstar Mid-Cap ETF in the first quarter valued at $756,000. Fifth Third Bancorp acquired a new stake in shares of iShares Morningstar Mid-Cap ETF during the first quarter worth about $551,000. Kestra Advisory Services LLC boosted its stake in shares of iShares Morningstar Mid-Cap ETF by 14.9% during the first quarter. Kestra Advisory Services LLC now owns 117,073 shares of the company’s stock worth $9,767,000 after buying an additional 15,182 shares during the period. Northwest Wealth Advisors LLC grew its holdings in shares of iShares Morningstar Mid-Cap ETF by 21.3% during the first quarter. Northwest Wealth Advisors LLC now owns 143,117 shares of the company’s stock worth $11,940,000 after buying an additional 25,129 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of iShares Morningstar Mid-Cap ETF by 10.1% during the first quarter. Private Advisor Group LLC now owns 3,192 shares of the company’s stock worth $266,000 after buying an additional 293 shares during the last quarter. 22.26% of the stock is owned by hedge funds and other institutional investors.

iShares Morningstar Mid-Cap ETF Price Performance

Shares of IMCB stock opened at $97.13 on Monday. The stock’s 50-day moving average price is $93.79 and its 200 day moving average price is $88.71. The stock has a market capitalization of $1.64 billion, a PE ratio of 64.32 and a beta of 0.98. iShares Morningstar Mid-Cap ETF has a 52-week low of $78.89 and a 52-week high of $97.76.

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.