iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sets New 1-Year High – Here’s Why

Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $81.32 and last traded at $81.25, with a volume of 5399 shares changing hands. The stock had previously closed at $80.48.

iShares Morningstar Mid-Cap Value ETF Trading Up 0.6%

The stock has a market capitalization of $862.12 million, a PE ratio of 16.35 and a beta of 1.08. The firm has a 50 day moving average of $79.09 and a two-hundred day moving average of $75.59.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were given a $0.4212 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $1.68 annualized dividend and a dividend yield of 2.1%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IMCV. Savant Capital LLC grew its holdings in iShares Morningstar Mid-Cap Value ETF by 2.6% during the 2nd quarter. Savant Capital LLC now owns 5,592 shares of the company’s stock valued at $425,000 after buying an additional 140 shares during the last quarter. Aire Advisors LLC lifted its position in shares of iShares Morningstar Mid-Cap Value ETF by 0.4% in the first quarter. Aire Advisors LLC now owns 37,266 shares of the company’s stock valued at $2,765,000 after acquiring an additional 150 shares in the last quarter. Jackson Creek Investment Advisors LLC lifted its position in shares of iShares Morningstar Mid-Cap Value ETF by 2.8% in the first quarter. Jackson Creek Investment Advisors LLC now owns 9,347 shares of the company’s stock valued at $693,000 after acquiring an additional 254 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of iShares Morningstar Mid-Cap Value ETF by 4.5% in the second quarter. Flagship Harbor Advisors LLC now owns 7,021 shares of the company’s stock valued at $533,000 after acquiring an additional 303 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in iShares Morningstar Mid-Cap Value ETF by 18.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,317 shares of the company’s stock valued at $175,000 after purchasing an additional 367 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.