iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Hits New 1-Year High – Here’s What Happened

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCVGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $95.68 and last traded at $95.68, with a volume of 1486 shares. The stock had previously closed at $95.06.

iShares Morningstar Mid-Cap Value ETF Stock Up 1.2%

The stock has a market capitalization of $1.15 billion, a PE ratio of 16.35 and a beta of 0.86. The firm’s fifty day moving average is $91.78 and its 200-day moving average is $88.53.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently announced 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. This represents a $1.67 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, June 15th. This is a positive change from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

Several hedge funds have recently modified their holdings of IMCV. International Assets Investment Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the first quarter valued at approximately $26,000. Russell Investments Group Ltd. lifted its holdings in 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 acquiring an additional 280 shares during the period. Godfrey Financial Associates Inc. acquired a new stake in iShares Morningstar Mid-Cap Value ETF in the fourth quarter valued at $34,000. Wealth Watch Advisors INC acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the third quarter valued at about $35,000. Finally, Bessemer Group Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the first quarter valued at about $53,000.

iShares Morningstar Mid-Cap Value ETF Company Profile

(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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