Merit Financial Group LLC Has $2.04 Million Stock Holdings in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Merit Financial Group LLC boosted its stake in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 52.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,085 shares of the company’s stock after purchasing an additional 10,336 shares during the quarter. Merit Financial Group LLC owned about 0.35% of iShares Morningstar Mid-Cap Value ETF worth $2,037,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of IMCV. LaFleur & Godfrey LLC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF during the fourth quarter valued at about $218,000. Revisor Wealth Management LLC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF during the third quarter valued at about $211,000. TIAA Trust National Association acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF during the fourth quarter valued at about $244,000. Harbour Investments Inc. grew its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 109.5% during the third quarter. Harbour Investments Inc. now owns 3,658 shares of the company’s stock valued at $222,000 after buying an additional 1,912 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC grew its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 4.8% during the third quarter. Trivant Custom Portfolio Group LLC now owns 4,065 shares of the company’s stock valued at $246,000 after buying an additional 188 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Price Performance

Shares of NASDAQ IMCV opened at $70.27 on Friday. The stock has a market capitalization of $604.32 million, a P/E ratio of 15.13 and a beta of 1.08. The company has a 50-day moving average price of $70.24 and a 200-day moving average price of $66.56. iShares Morningstar Mid-Cap Value ETF has a 1 year low of $57.34 and a 1 year high of $72.64.

iShares Morningstar Mid-Cap Value ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.3268 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Thursday, March 21st.

About iShares Morningstar Mid-Cap Value ETF

The iShares Morningstar Mid-Cap Value ETF (IMCV) is an exchange-traded fund that is based on the Morningstar US Mid Cap Broad Value index. The fund tracks a market cap-weighted index of US mid-cap stocks companies selected based on their value characteristics. IMCV was launched on Jun 28, 2004 and is managed by BlackRock.