iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Reaches New 12-Month High – Here’s What Happened

Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) hit a new 52-week high on Friday . The stock traded as high as $81.32 and last traded at $81.25, with a volume of 5399 shares trading hands. The stock had previously closed at $80.48.

iShares Morningstar Mid-Cap Value ETF Stock Up 0.6%

The firm has a market capitalization of $862.12 million, a PE ratio of 16.35 and a beta of 1.08. The firm’s 50 day moving average price is $79.09 and its two-hundred day moving average price is $75.59.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were given a dividend of $0.4212 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 16th.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC grew its stake in iShares Morningstar Mid-Cap Value ETF by 7.8% during the 1st quarter. LPL Financial LLC now owns 170,079 shares of the company’s stock valued at $12,618,000 after purchasing an additional 12,315 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 2nd quarter valued at approximately $1,956,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 8.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,703 shares of the company’s stock valued at $497,000 after buying an additional 522 shares during the last quarter. Private Trust Co. NA raised its holdings in iShares Morningstar Mid-Cap Value ETF by 130.0% in the first quarter. Private Trust Co. NA now owns 713 shares of the company’s stock valued at $53,000 after acquiring an additional 403 shares in the last quarter. Finally, Revisor Wealth Management LLC raised its holdings in iShares Morningstar Mid-Cap Value ETF by 19.0% in the first quarter. Revisor Wealth Management LLC now owns 3,588 shares of the company’s stock valued at $266,000 after acquiring an additional 573 shares in the last quarter.

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.