iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Hits New 52-Week High – Still a Buy?

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $82.86 and last traded at $83.2050, with a volume of 13403 shares traded. The stock had previously closed at $81.77.

iShares Morningstar Mid-Cap Value ETF Stock Performance

The firm’s 50-day simple moving average is $80.17 and its 200-day simple moving average is $78.43. The company has a market capitalization of $902.29 million, a price-to-earnings ratio of 16.35 and a beta of 0.96.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were issued a $0.4212 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.68 annualized dividend and a yield of 2.0%.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

Institutional investors have recently made changes to their positions in the business. Wealth Watch Advisors INC acquired a new stake in iShares Morningstar Mid-Cap Value ETF during the third quarter valued at approximately $35,000. GGM Financials LLC acquired a new position in iShares Morningstar Mid-Cap Value ETF during the third quarter worth $40,000. Assetmark Inc. lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 43.6% during the third quarter. Assetmark Inc. now owns 692 shares of the company’s stock valued at $56,000 after acquiring an additional 210 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 2nd quarter valued at $58,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 76.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,010 shares of the company’s stock worth $81,000 after purchasing an additional 437 shares during 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.