iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Short Interest Update

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 10,084 shares, a decrease of 84.6% from the February 12th total of 65,468 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 41,120 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 41,120 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

iShares Morningstar Mid-Cap Value ETF Trading Down 0.3%

Shares of NASDAQ IMCV traded down $0.26 during midday trading on Wednesday, reaching $85.30. 20,748 shares of the stock were exchanged, compared to its average volume of 33,656. The stock has a 50 day moving average price of $86.49 and a 200-day moving average price of $82.62. The company has a market capitalization of $951.10 million, a P/E ratio of 16.35 and a beta of 0.96. iShares Morningstar Mid-Cap Value ETF has a 52-week low of $64.02 and a 52-week high of $89.61.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. EP Wealth Advisors LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the fourth quarter valued at $3,554,000. Russell Investments Group Ltd. boosted its stake in iShares Morningstar Mid-Cap Value ETF by 394.4% in the 4th quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock worth $29,000 after buying an additional 280 shares during the last quarter. Captrust Financial Advisors boosted its stake in iShares Morningstar Mid-Cap Value ETF by 278.7% in the 4th quarter. Captrust Financial Advisors now owns 46,626 shares of the company’s stock worth $3,839,000 after buying an additional 34,315 shares during the last quarter. Royal Bank of Canada grew its holdings in iShares Morningstar Mid-Cap Value ETF by 0.5% in the 4th quarter. Royal Bank of Canada now owns 93,331 shares of the company’s stock valued at $7,685,000 after buying an additional 485 shares during the period. Finally, Aptus Capital Advisors LLC grew its holdings in iShares Morningstar Mid-Cap Value ETF by 153.5% in the 4th quarter. Aptus Capital Advisors LLC now owns 2,091 shares of the company’s stock valued at $172,000 after buying an additional 1,266 shares during the period.

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.