iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Reaches New 12-Month High – Should You Buy?

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)’s share price reached a new 52-week high during trading on Thursday. The company traded as high as $99.01 and last traded at $98.98, with a volume of 50,167 shares. The stock had previously closed at $97.69.

iShares Morningstar Mid-Cap Value ETF Price Performance

The business has a 50-day moving average of $95.75 and a 200 day moving average of $90.97. The company has a market cap of $1.27 billion, a PE ratio of 16.35 and a beta of 0.87.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.5179 per share. The ex-dividend date was Tuesday, September 15th. This represents a $2.07 annualized dividend and a dividend yield of 2.1%. This is a positive change from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.4180.

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

Several institutional investors have recently made changes to their positions in the company. Black Diamond Financial LLC raised its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 8.6% in the third quarter. Black Diamond Financial LLC now owns 266,709 shares of the company’s stock worth $24,470,000 after buying an additional 21,097 shares during the period. Matrix Trust Co grew its position in iShares Morningstar Mid-Cap Value ETF by 1.2% in the 2nd quarter. Matrix Trust Co now owns 209,721 shares of the company’s stock valued at $19,164,000 after acquiring an additional 2,402 shares during the last quarter. Rodgers & Associates LTD increased its stake in iShares Morningstar Mid-Cap Value ETF by 0.7% in the second quarter. Rodgers & Associates LTD now owns 120,448 shares of the company’s stock worth $11,006,000 after purchasing an additional 795 shares during the period. Cetera Investment Advisers increased its stake in iShares Morningstar Mid-Cap Value ETF by 13.9% in the first quarter. Cetera Investment Advisers now owns 109,815 shares of the company’s stock worth $9,311,000 after purchasing an additional 13,385 shares during the period. Finally, Bedel Financial Consulting Inc. increased its stake in iShares Morningstar Mid-Cap Value ETF by 7.1% in the second quarter. Bedel Financial Consulting Inc. now owns 97,819 shares of the company’s stock worth $8,938,000 after purchasing an additional 6,495 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.