iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sets New 52-Week High – What’s Next?

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) reached a new 52-week high on Wednesday . The stock traded as high as $85.40 and last traded at $85.4250, with a volume of 770 shares changing hands. The stock had previously closed at $84.89.

iShares Morningstar Mid-Cap Value ETF Stock Down 0.3%

The company has a 50-day moving average of $82.16 and a 200 day moving average of $80.06. The stock has a market capitalization of $944.50 million, a PE ratio of 16.35 and a beta of 0.96.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.5403 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This is a positive change from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.5%.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

Large investors have recently bought and sold shares of the business. Wealth Watch Advisors INC acquired a new stake in iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at about $35,000. GGM Financials LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the third quarter valued at approximately $40,000. Assetmark Inc. increased its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 43.6% in the third quarter. Assetmark Inc. now owns 692 shares of the company’s stock valued at $56,000 after purchasing an additional 210 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in iShares Morningstar Mid-Cap Value ETF during the second quarter worth approximately $58,000. Finally, PNC Financial Services Group Inc. lifted its position in iShares Morningstar Mid-Cap Value ETF by 76.3% during the third quarter. PNC Financial Services Group Inc. now owns 1,010 shares of the company’s stock worth $81,000 after buying an additional 437 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.