Northwestern Mutual Wealth Management Co. Raises Stake in iShares Morningstar Mid-Cap Value ETF $IMCV

Northwestern Mutual Wealth Management Co. raised its holdings in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 105.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,338 shares of the company’s stock after acquiring an additional 49,880 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.87% of iShares Morningstar Mid-Cap Value ETF worth $8,015,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Godfrey Financial Associates Inc. purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 4th quarter valued at about $34,000. Harbour Investments Inc. raised its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 5,071.8% in the 4th quarter. Harbour Investments Inc. now owns 2,017 shares of the company’s stock valued at $166,000 after acquiring an additional 1,978 shares in the last quarter. Odyssey Capital Advisors Inc. purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 4th quarter valued at about $217,000. Lawood & Co. purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 4th quarter valued at about $234,000. Finally, swisspartners Advisors Ltd raised its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 1.4% in the 4th quarter. swisspartners Advisors Ltd now owns 127,550 shares of the company’s stock valued at $10,490,000 after acquiring an additional 1,790 shares in the last quarter.

iShares Morningstar Mid-Cap Value ETF Price Performance

NASDAQ:IMCV opened at $89.87 on Wednesday. The business’s 50-day moving average price is $87.43 and its two-hundred day moving average price is $85.52. iShares Morningstar Mid-Cap Value ETF has a twelve month low of $73.92 and a twelve month high of $90.45. The stock has a market cap of $1.04 billion, a P/E ratio of 16.35 and a beta of 0.86.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were issued a $0.3501 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $1.40 annualized dividend and a dividend yield of 1.6%.

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.