Gladstone Institutional Advisory LLC Sells 5,621 Shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Gladstone Institutional Advisory LLC trimmed its position in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 6.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,458 shares of the company’s stock after selling 5,621 shares during the period. Gladstone Institutional Advisory LLC owned approximately 0.66% of iShares Morningstar Mid-Cap ETF worth $4,818,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in IMCB. Ameritas Advisory Services LLC acquired a new stake in shares of iShares Morningstar Mid-Cap ETF in the first quarter worth $25,000. Balentine LLC bought a new position in iShares Morningstar Mid-Cap ETF during the first quarter valued at about $29,000. Addison Advisors LLC raised its holdings in iShares Morningstar Mid-Cap ETF by 239.5% in the 1st quarter. Addison Advisors LLC now owns 645 shares of the company’s stock valued at $39,000 after acquiring an additional 455 shares in the last quarter. Financial Freedom LLC acquired a new position in shares of iShares Morningstar Mid-Cap ETF in the fourth quarter valued at $55,000. Finally, Belpointe Asset Management LLC bought a new position in iShares Morningstar Mid-Cap ETF in the fourth quarter worth $56,000.

iShares Morningstar Mid-Cap ETF Price Performance

Shares of iShares Morningstar Mid-Cap ETF stock opened at $62.20 on Friday. iShares Morningstar Mid-Cap ETF has a 52-week low of $52.68 and a 52-week high of $65.75. The firm has a market capitalization of $746.36 million, a PE ratio of 18.03 and a beta of 1.07. The company’s fifty day moving average price is $63.62 and its two-hundred day moving average price is $61.39.

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.