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

Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) hit a new 52-week high on Tuesday . The stock traded as high as $88.47 and last traded at $88.3860, with a volume of 2118 shares trading hands. The stock had previously closed at $88.10.

iShares Morningstar Mid-Cap Value ETF Stock Up 0.6%

The firm’s fifty day moving average is $84.12 and its two-hundred day moving average is $81.10. The firm has a market cap of $988.05 million, a P/E ratio of 16.35 and a beta of 0.96.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.5403 per share. The ex-dividend date was Tuesday, December 16th. This is a boost from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42. This represents a $2.16 annualized dividend and a dividend yield of 2.4%.

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

Large investors have recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC lifted its position in shares of iShares Morningstar Mid-Cap Value ETF by 19.7% during the third quarter. DAVENPORT & Co LLC now owns 62,845 shares of the company’s stock valued at $5,050,000 after buying an additional 10,323 shares during the last quarter. Madison Wealth Partners Inc raised its stake in shares of iShares Morningstar Mid-Cap Value ETF by 9.1% during the 2nd quarter. Madison Wealth Partners Inc now owns 8,616 shares of the company’s stock worth $655,000 after acquiring an additional 722 shares in the last quarter. Rodgers & Associates LTD lifted its position in iShares Morningstar Mid-Cap Value ETF by 7.1% during the second quarter. Rodgers & Associates LTD now owns 100,912 shares of the company’s stock valued at $7,667,000 after acquiring an additional 6,732 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the second quarter valued at approximately $430,000. Finally, Osaic Holdings Inc. lifted its position in iShares Morningstar Mid-Cap Value ETF by 5.0% during the second quarter. Osaic Holdings Inc. now owns 218,051 shares of the company’s stock valued at $16,567,000 after acquiring an additional 10,319 shares during the last quarter.

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.