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

Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) reached a new 52-week high during trading on Tuesday . The stock traded as high as $86.16 and last traded at $86.1630, with a volume of 3099 shares trading hands. The stock had previously closed at $85.53.

iShares Morningstar Mid-Cap Value ETF Trading Up 0.9%

The company has a fifty day simple moving average of $83.53 and a 200-day simple moving average of $80.77. The stock has a market cap of $962.58 million, a price-to-earnings ratio of 16.35 and a beta of 0.96.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a dividend of $0.5403 per share. This is a positive change from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42. This represents a $2.16 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Tuesday, December 16th.

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

Institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 335.2% during the second quarter. Envestnet Asset Management Inc. now owns 123,020 shares of the company’s stock worth $9,347,000 after buying an additional 94,752 shares during the last quarter. UBS Group AG grew its stake in shares of iShares Morningstar Mid-Cap Value ETF by 82.2% in the 3rd quarter. UBS Group AG now owns 187,737 shares of the company’s stock valued at $15,085,000 after purchasing an additional 84,677 shares during the period. Black Diamond Financial LLC grew its position in iShares Morningstar Mid-Cap Value ETF by 71.5% in the third quarter. Black Diamond Financial LLC now owns 189,922 shares of the company’s stock valued at $15,260,000 after acquiring an additional 79,153 shares during the period. Raymond James Financial Inc. increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 18.2% during the 2nd quarter. Raymond James Financial Inc. now owns 395,910 shares of the company’s stock worth $30,081,000 after purchasing an additional 60,971 shares in the last quarter. Finally, Marietta Wealth Management LLC boosted its position in iShares Morningstar Mid-Cap Value ETF by 55.6% in the third quarter. Marietta Wealth Management LLC now owns 126,698 shares of the company’s stock valued at $10,180,000 after buying an additional 45,257 shares in the last quarter.

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.