D.A. Davidson & CO. Buys New Shares in iShares Morningstar Mid-Cap Value ETF $IMCV

D.A. Davidson & CO. bought a new stake in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,172 shares of the company’s stock, valued at approximately $658,000.

A number of other institutional investors and hedge funds have also made changes to their positions in IMCV. LaFleur & Godfrey LLC acquired a new stake in iShares Morningstar Mid-Cap Value ETF during the 3rd quarter valued at $991,000. Oakworth Capital Inc. bought a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the third quarter worth $315,000. Black Diamond Financial LLC lifted its holdings in iShares Morningstar Mid-Cap Value ETF by 8.6% during the 3rd quarter. Black Diamond Financial LLC now owns 266,709 shares of the company’s stock worth $24,470,000 after purchasing an additional 21,097 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the 3rd quarter valued at $1,499,000. Finally, Flagship Harbor Advisors LLC increased its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 1.8% during the third quarter. Flagship Harbor Advisors LLC now owns 7,639 shares of the company’s stock valued at $701,000 after acquiring an additional 136 shares in the last quarter.

iShares Morningstar Mid-Cap Value ETF Price Performance

Shares of IMCV opened at $97.72 on Friday. The stock has a 50 day simple moving average of $95.87 and a two-hundred day simple moving average of $91.46. The firm has a market cap of $1.26 billion, a P/E ratio of 16.35 and a beta of 0.86. iShares Morningstar Mid-Cap Value ETF has a 1 year low of $77.65 and a 1 year high of $101.38.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

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

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.