iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sets New 1-Year High – Still a Buy?

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $97.32 and last traded at $97.32, with a volume of 1126 shares trading hands. The stock had previously closed at $96.72.

iShares Morningstar Mid-Cap Value ETF Stock Up 0.3%

The firm has a market capitalization of $1.16 billion, a PE ratio of 16.35 and a beta of 0.86. The company’s 50-day simple moving average is $93.00 and its 200 day simple moving average is $89.24.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $0.418 per share. This is a boost from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, June 15th. This represents a $1.67 annualized dividend and a dividend yield of 1.7%.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Value ETF

Several institutional investors have recently bought and sold shares of IMCV. International Assets Investment Management LLC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF during the first quarter worth $26,000. Russell Investments Group Ltd. boosted its position in shares of 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 purchasing an additional 280 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new position in iShares Morningstar Mid-Cap Value ETF during the 4th quarter worth $34,000. Wealth Watch Advisors INC purchased a new position in iShares Morningstar Mid-Cap Value ETF during the 3rd quarter worth $35,000. Finally, Bessemer Group Inc. acquired a new position in iShares Morningstar Mid-Cap Value ETF during the 1st quarter valued at about $53,000.

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.