Ellis Investment Partners LLC purchased a new position in iShares Morningstar Mid-Cap Value ETF (NASDAQ:JKI) during the first quarter, HoldingsChannel reports. The firm purchased 14,247 shares of the company’s stock, valued at approximately $1,606,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of JKI. Raymond James & Associates increased its stake in shares of iShares Morningstar Mid-Cap Value ETF by 906.9% in the fourth quarter. Raymond James & Associates now owns 23,069 shares of the company’s stock worth $3,202,000 after acquiring an additional 20,778 shares during the last quarter. Financial Advocates Investment Management boosted its holdings in iShares Morningstar Mid-Cap Value ETF by 568.7% in the fourth quarter. Financial Advocates Investment Management now owns 12,846 shares of the company’s stock worth $1,585,000 after purchasing an additional 10,925 shares in the last quarter. Citigroup Inc. boosted its holdings in iShares Morningstar Mid-Cap Value ETF by 75.9% in the fourth quarter. Citigroup Inc. now owns 9,692 shares of the company’s stock worth $1,348,000 after purchasing an additional 4,181 shares in the last quarter. Morgan Stanley boosted its holdings in iShares Morningstar Mid-Cap Value ETF by 3.6% in the third quarter. Morgan Stanley now owns 103,388 shares of the company’s stock worth $16,741,000 after purchasing an additional 3,587 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in iShares Morningstar Mid-Cap Value ETF by 19.3% in the fourth quarter. LPL Financial LLC now owns 22,055 shares of the company’s stock worth $3,061,000 after purchasing an additional 3,564 shares in the last quarter.

NASDAQ:JKI traded down $0.83 during trading hours on Monday, reaching $158.34. The company’s stock had a trading volume of 13 shares, compared to its average volume of 8,641. iShares Morningstar Mid-Cap Value ETF has a one year low of $131.88 and a one year high of $172.45.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 21st were issued a dividend of $0.8872 per share. This represents a $3.55 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Wednesday, March 20th.

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iShares Morningstar Mid-Cap Value ETF Profile

iShares Morningstar Mid Cap Value ETF, formerly iShares Morningstar Mid Value Index Fund (the Value Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Morningstar Mid Value Index (the Value Index). The Value Index measures the performance of stocks issued by mid-capitalization companies that have exhibited above-average value characteristics as determined by Morningstar’s index methodology.

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Want to see what other hedge funds are holding JKI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Morningstar Mid-Cap Value ETF (NASDAQ:JKI).

Institutional Ownership by Quarter for iShares Morningstar Mid-Cap Value ETF (NASDAQ:JKI)

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