iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Hits New 52-Week High – Here’s What Happened

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $89.90 and last traded at $89.90, with a volume of 1418 shares trading hands. The stock had previously closed at $88.76.

iShares Morningstar Mid-Cap Value ETF Stock Up 0.2%

The stock has a market capitalization of $1.04 billion, a PE ratio of 16.35 and a beta of 0.87. The stock’s 50 day moving average price is $87.09 and its 200-day moving average price is $85.32.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were paid a dividend of $0.3501 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, March 17th.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

Large investors have recently made changes to their positions in the stock. Granville Capital Inc. bought a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 4th quarter worth $11,654,000. UBS Group AG lifted its stake in iShares Morningstar Mid-Cap Value ETF by 82.2% in the third quarter. UBS Group AG now owns 187,737 shares of the company’s stock worth $15,085,000 after acquiring an additional 84,677 shares during the period. Black Diamond Financial LLC lifted its stake in iShares Morningstar Mid-Cap Value ETF by 71.5% in the third quarter. Black Diamond Financial LLC now owns 189,922 shares of the company’s stock worth $15,260,000 after acquiring an additional 79,153 shares during the period. LPL Financial LLC lifted its stake in iShares Morningstar Mid-Cap Value ETF by 22.1% in the fourth quarter. LPL Financial LLC now owns 338,792 shares of the company’s stock worth $27,895,000 after acquiring an additional 61,366 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in iShares Morningstar Mid-Cap Value ETF by 18.2% in the second quarter. Raymond James Financial Inc. now owns 395,910 shares of the company’s stock worth $30,081,000 after acquiring an additional 60,971 shares during the period.

iShares Morningstar Mid-Cap Value ETF Company Profile

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.