Matrix Trust Co Grows Position in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Matrix Trust Co raised its stake in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 0.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 198,515 shares of the company’s stock after buying an additional 290 shares during the period. iShares Morningstar Mid-Cap Value ETF makes up approximately 2.5% of Matrix Trust Co’s holdings, making the stock its 13th largest holding. Matrix Trust Co owned about 2.34% of iShares Morningstar Mid-Cap Value ETF worth $14,728,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in IMCV. Parallel Advisors LLC purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF in the first quarter valued at $263,000. Wealth Enhancement Advisory Services LLC increased its holdings in iShares Morningstar Mid-Cap Value ETF by 23.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,963 shares of the company’s stock valued at $1,482,000 after acquiring an additional 3,801 shares in the last quarter. Ameriflex Group Inc. purchased a new position in iShares Morningstar Mid-Cap Value ETF during the 4th quarter valued at about $32,000. Revisor Wealth Management LLC purchased a new position in iShares Morningstar Mid-Cap Value ETF during the 4th quarter valued at about $226,000. Finally, Retirement Planning Group LLC increased its holdings in iShares Morningstar Mid-Cap Value ETF by 2.0% during the 4th quarter. Retirement Planning Group LLC now owns 19,106 shares of the company’s stock valued at $1,419,000 after acquiring an additional 366 shares in the last quarter.

iShares Morningstar Mid-Cap Value ETF Price Performance

Shares of IMCV opened at $74.19 on Thursday. The firm has a 50 day simple moving average of $71.76 and a 200-day simple moving average of $74.58. iShares Morningstar Mid-Cap Value ETF has a 1-year low of $64.02 and a 1-year high of $81.32. The stock has a market cap of $660.29 million, a price-to-earnings ratio of 16.57 and a beta of 1.08.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th were given a dividend of $0.4353 per share. The ex-dividend date was Tuesday, March 18th.

iShares Morningstar Mid-Cap Value ETF Profile

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.