Diversify Wealth Management LLC Makes New Investment in iShares Morningstar Mid-Cap Value ETF $IMCV

Diversify Wealth Management LLC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor acquired 22,513 shares of the company’s stock, valued at approximately $1,985,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IMCV. Russell Investments Group Ltd. grew its position in shares of iShares Morningstar Mid-Cap Value ETF by 394.4% in the fourth quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 280 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new stake in iShares Morningstar Mid-Cap Value ETF during the 4th quarter worth approximately $34,000. Wealth Watch Advisors INC acquired a new stake in iShares Morningstar Mid-Cap Value ETF during the 3rd quarter worth approximately $35,000. Farther Finance Advisors LLC boosted its stake in iShares Morningstar Mid-Cap Value ETF by 523.2% in the 4th quarter. Farther Finance Advisors LLC now owns 698 shares of the company’s stock valued at $58,000 after purchasing an additional 586 shares during the period. Finally, US Bancorp DE boosted its stake in iShares Morningstar Mid-Cap Value ETF by 128.3% in the 3rd quarter. US Bancorp DE now owns 1,153 shares of the company’s stock valued at $93,000 after purchasing an additional 648 shares during the period.

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iShares Morningstar Mid-Cap Value ETF Price Performance

Shares of NASDAQ IMCV opened at $93.68 on Wednesday. The stock’s fifty day moving average price is $90.54 and its two-hundred day moving average price is $87.73. iShares Morningstar Mid-Cap Value ETF has a one year low of $75.63 and a one year high of $94.53. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 16.35 and a beta of 0.86.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a $0.418 dividend. The ex-dividend date of this dividend was Monday, June 15th. This is a boost from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35. This represents a $1.67 dividend on an annualized basis and a dividend yield of 1.8%.

iShares Morningstar Mid-Cap Value ETF Company Profile

(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.

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