Gladstone Institutional Advisory LLC Has $5.31 Million Stock Position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Gladstone Institutional Advisory LLC reduced its stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,705 shares of the company’s stock after selling 4,748 shares during the period. Gladstone Institutional Advisory LLC owned 0.58% of iShares Morningstar Mid-Cap ETF worth $5,308,000 as of its most recent SEC filing.

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

iShares Morningstar Mid-Cap ETF Price Performance

Shares of NYSEARCA IMCB opened at $79.06 on Wednesday. The company has a 50-day moving average price of $78.43 and a 200-day moving average price of $76.63. The stock has a market capitalization of $944.77 million, a P/E ratio of 52.36 and a beta of 0.98. iShares Morningstar Mid-Cap ETF has a 1 year low of $66.54 and a 1 year high of $82.52.

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.