iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) Shares Purchased by Sunburst Financial Group LLC

Sunburst Financial Group LLC grew its position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,157 shares of the company’s stock after buying an additional 7,235 shares during the period. iShares Morningstar Mid-Cap ETF accounts for approximately 1.9% of Sunburst Financial Group LLC’s investment portfolio, making the stock its 12th largest position. Sunburst Financial Group LLC owned 0.84% of iShares Morningstar Mid-Cap ETF worth $7,614,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Patriot Financial Group Insurance Agency LLC raised its stake in shares of iShares Morningstar Mid-Cap ETF by 9.1% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 16,823 shares of the company’s stock valued at $1,279,000 after acquiring an additional 1,397 shares in the last quarter. PFG Investments LLC boosted its position in shares of iShares Morningstar Mid-Cap ETF by 20.5% in the 3rd quarter. PFG Investments LLC now owns 5,937 shares of the company’s stock valued at $451,000 after purchasing an additional 1,009 shares during the period. Signaturefd LLC increased its position in iShares Morningstar Mid-Cap ETF by 12.1% during the third quarter. Signaturefd LLC now owns 1,453 shares of the company’s stock worth $110,000 after buying an additional 157 shares during the period. Means Investment CO. Inc. boosted its holdings in shares of iShares Morningstar Mid-Cap ETF by 8.5% in the third quarter. Means Investment CO. Inc. now owns 141,510 shares of the company’s stock valued at $10,758,000 after acquiring an additional 11,138 shares during the period. Finally, Raymond James & Associates grew its position in shares of iShares Morningstar Mid-Cap ETF by 2.7% during the third quarter. Raymond James & Associates now owns 211,394 shares of the company’s stock worth $16,070,000 after acquiring an additional 5,479 shares during the last quarter. 22.26% of the stock is currently owned by hedge funds and other institutional investors.

iShares Morningstar Mid-Cap ETF Stock Performance

iShares Morningstar Mid-Cap ETF stock traded up $0.30 during midday trading on Wednesday, hitting $76.75. 2,123 shares of the company’s stock were exchanged, compared to its average volume of 23,553. iShares Morningstar Mid-Cap ETF has a 12-month low of $56.42 and a 12-month high of $77.79. The firm’s 50 day simple moving average is $75.17 and its 200 day simple moving average is $72.28. The stock has a market cap of $917.16 million, a price-to-earnings ratio of 50.63 and a beta of 0.98.

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.