Merit Financial Group LLC Decreases Position in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Merit Financial Group LLC lowered its stake in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,435 shares of the company’s stock after selling 1,912 shares during the period. Merit Financial Group LLC owned 0.29% of iShares Morningstar Mid-Cap Value ETF worth $1,813,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Harbour Investments Inc. increased its stake in shares of iShares Morningstar Mid-Cap Value ETF by 11.2% during the 4th quarter. Harbour Investments Inc. now owns 2,567 shares of the company’s stock worth $191,000 after purchasing an additional 259 shares during the last quarter. Aire Advisors LLC increased its stake in shares of iShares Morningstar Mid-Cap Value ETF by 2.2% during the 4th quarter. Aire Advisors LLC now owns 37,116 shares of the company’s stock worth $2,756,000 after purchasing an additional 799 shares during the last quarter. Ipsen Advisor Group LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the 4th quarter worth approximately $5,837,000. Raymond James Financial Inc. purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the 4th quarter worth approximately $22,184,000. Finally, JPMorgan Chase & Co. boosted its holdings in iShares Morningstar Mid-Cap Value ETF by 61.3% in the 4th quarter. JPMorgan Chase & Co. now owns 6,003 shares of the company’s stock worth $446,000 after buying an additional 2,282 shares during the period.

iShares Morningstar Mid-Cap Value ETF Trading Down 0.1%

IMCV opened at $74.15 on Friday. The company has a 50 day moving average of $71.76 and a 200 day moving average of $74.55. The company has a market cap of $659.94 million, a PE ratio of 16.57 and a beta of 1.08. iShares Morningstar Mid-Cap Value ETF has a 12 month low of $64.02 and a 12 month high of $81.32.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 18th were issued a $0.4353 dividend. The ex-dividend date was Tuesday, March 18th.

About iShares Morningstar Mid-Cap Value ETF

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.