M&T Bank Corp Lowers Position in iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB)

M&T Bank Corp cut its holdings in shares of iShares Morningstar Mid-Cap ETF (NYSEARCA:IMCB) by 16.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,636 shares of the company’s stock after selling 733 shares during the quarter. M&T Bank Corp’s holdings in iShares Morningstar Mid-Cap ETF were worth $277,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IMCB. Steele Capital Management Inc. grew its holdings in shares of iShares Morningstar Mid-Cap ETF by 12.9% during the 3rd quarter. Steele Capital Management Inc. now owns 174,807 shares of the company’s stock worth $13,344,000 after purchasing an additional 19,922 shares during the period. Nwam LLC purchased a new position in shares of iShares Morningstar Mid-Cap ETF during the 3rd quarter worth $939,000. Jim Saulnier & Associates LLC purchased a new position in shares of iShares Morningstar Mid-Cap ETF during the 3rd quarter worth $1,123,000. FMR LLC grew its holdings in shares of iShares Morningstar Mid-Cap ETF by 2.7% during the 3rd quarter. FMR LLC now owns 7,972 shares of the company’s stock worth $606,000 after purchasing an additional 210 shares during the period. Finally, Townsquare Capital LLC boosted its holdings 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 acquiring an additional 38,563 shares during the period. 22.26% of the stock is currently owned by hedge funds and other institutional investors.

iShares Morningstar Mid-Cap ETF Price Performance

Shares of iShares Morningstar Mid-Cap ETF stock opened at $73.76 on Friday. The business has a 50-day moving average of $77.69 and a 200 day moving average of $77.37. iShares Morningstar Mid-Cap ETF has a 12 month low of $68.07 and a 12 month high of $82.52. The stock has a market capitalization of $881.43 million, a price-to-earnings ratio of 48.85 and a beta of 1.10.

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.