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

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

iShares Morningstar Mid-Cap Value ETF Stock Up 0.2%

The firm has a 50 day moving average of $86.88 and a 200 day moving average of $85.17. The firm has a market cap of $1.04 billion, a PE ratio of 16.35 and a beta of 0.87.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

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

Hedge Funds Weigh In On iShares Morningstar Mid-Cap Value ETF

Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in iShares Morningstar Mid-Cap Value ETF in the first quarter valued at approximately $26,000. Russell Investments Group Ltd. lifted its holdings in iShares Morningstar Mid-Cap Value ETF by 394.4% during the fourth quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 280 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the fourth quarter valued at about $34,000. Wealth Watch Advisors INC purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the third quarter valued at about $35,000. Finally, GGM Financials LLC purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the third quarter valued at about $40,000.

About iShares Morningstar Mid-Cap Value ETF

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.