iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sets New 52-Week High – Should You Buy?

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)’s stock price reached a new 52-week high on Monday . The company traded as high as $94.33 and last traded at $94.24, with a volume of 4987 shares. The stock had previously closed at $93.51.

iShares Morningstar Mid-Cap Value ETF Price Performance

The company’s fifty day moving average is $90.35 and its 200-day moving average is $87.58. The stock has a market cap of $1.11 billion, a PE ratio of 16.35 and a beta of 0.86.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a dividend of $0.418 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.67 annualized dividend and a yield of 1.8%. This is an increase 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 institutional investors have recently modified their holdings of the stock. Matrix Trust Co lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 1.2% in the 2nd quarter. Matrix Trust Co now owns 209,721 shares of the company’s stock valued at $19,164,000 after buying an additional 2,402 shares during the period. Dynamic Advisor Solutions LLC grew its holdings in iShares Morningstar Mid-Cap Value ETF by 3.6% during the second quarter. Dynamic Advisor Solutions LLC now owns 28,581 shares of the company’s stock worth $2,612,000 after acquiring an additional 981 shares during the period. Western Wealth Management LLC purchased a new position in iShares Morningstar Mid-Cap Value ETF during the first quarter valued at approximately $132,000. Ipsen Advisor Group LLC raised its position in iShares Morningstar Mid-Cap Value ETF by 1.5% during the first quarter. Ipsen Advisor Group LLC now owns 84,934 shares of the company’s stock valued at $7,201,000 after acquiring an additional 1,277 shares in the last quarter. Finally, Royal Bank of Canada raised its position in iShares Morningstar Mid-Cap Value ETF by 4.4% during the first quarter. Royal Bank of Canada now owns 97,441 shares of the company’s stock valued at $8,262,000 after acquiring an additional 4,110 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.