Steele Capital Management Inc. Acquires Shares of 158,775 iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

Steele Capital Management Inc. acquired a new stake in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 158,775 shares of the company’s stock, valued at approximately $10,659,000. iShares Morningstar Mid-Cap ETF makes up approximately 0.7% of Steele Capital Management Inc.’s holdings, making the stock its 29th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headinvest LLC purchased a new stake in shares of iShares Morningstar Mid-Cap ETF during the third quarter worth about $29,000. Bouchey Financial Group Ltd acquired a new position in iShares Morningstar Mid-Cap ETF during the third quarter worth about $202,000. RFG Advisory LLC acquired a new position in iShares Morningstar Mid-Cap ETF during the fourth quarter worth about $204,000. Western Wealth Management LLC acquired a new position in iShares Morningstar Mid-Cap ETF during the fourth quarter worth about $222,000. Finally, Addison Advisors LLC boosted its position in iShares Morningstar Mid-Cap ETF by 189.3% during the fourth quarter. Addison Advisors LLC now owns 4,050 shares of the company’s stock worth $272,000 after acquiring an additional 2,650 shares during the last quarter. Hedge funds and other institutional investors own 22.26% of the company’s stock.

iShares Morningstar Mid-Cap ETF Price Performance

IMCB traded up $0.41 on Monday, reaching $70.22. 16,502 shares of the company’s stock were exchanged, compared to its average volume of 20,249. The stock has a market cap of $842.64 million, a PE ratio of 46.23 and a beta of 0.99. iShares Morningstar Mid-Cap ETF has a twelve month low of $55.98 and a twelve month high of $72.92. The stock’s fifty day moving average price is $70.46 and its 200-day moving average price is $66.07.

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.