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

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCVGet Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $91.05 and last traded at $91.05, with a volume of 9905 shares. The stock had previously closed at $89.94.

iShares Morningstar Mid-Cap Value ETF Trading Up 1.5%

The company has a market capitalization of $1.05 billion, a P/E ratio of 16.35 and a beta of 0.86. The firm’s 50 day moving average price is $88.34 and its two-hundred day moving average price is $86.06.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were paid a dividend of $0.3501 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, March 17th.

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

Several hedge funds have recently made changes to their positions in IMCV. International Assets Investment Management LLC bought a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 1st quarter worth approximately $26,000. Russell Investments Group Ltd. grew its stake in shares of iShares Morningstar Mid-Cap Value ETF by 394.4% during the 4th quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 280 shares in the last quarter. Godfrey Financial Associates Inc. bought a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 4th quarter worth approximately $34,000. Wealth Watch Advisors INC bought a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 3rd quarter worth approximately $35,000. Finally, GGM Financials LLC bought a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 3rd quarter worth approximately $40,000.

About iShares Morningstar Mid-Cap Value ETF

(Get Free Report)

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.

Further Reading

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