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

Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) reached a new 52-week high on Tuesday . The stock traded as high as $97.32 and last traded at $97.32, with a volume of 1126 shares trading hands. The stock had previously closed at $96.72.

iShares Morningstar Mid-Cap Value ETF Stock Up 0.3%

The stock’s 50 day moving average is $93.00 and its two-hundred day moving average is $89.24. The company has a market capitalization of $1.16 billion, a PE ratio of 16.35 and a beta of 0.86.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a $0.418 dividend. This represents a $1.67 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, June 15th. This is a boost from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Trust Co. of Vermont bought a new position in iShares Morningstar Mid-Cap Value ETF in the second quarter worth approximately $55,000. Matrix Trust Co boosted its position in iShares Morningstar Mid-Cap Value ETF by 1.2% during 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 in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 3.6% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 28,581 shares of the company’s stock valued at $2,612,000 after acquiring an additional 981 shares during the period. Western Wealth Management LLC purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 1st quarter valued at $132,000. Finally, Ipsen Advisor Group LLC raised its position in shares of iShares Morningstar Mid-Cap Value ETF by 1.5% in the 1st quarter. Ipsen Advisor Group LLC now owns 84,934 shares of the company’s stock worth $7,201,000 after acquiring an additional 1,277 shares in 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.