iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Short Interest Update

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCVGet Free Report) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 8,049 shares, a decrease of 41.9% from the August 15th total of 13,845 shares. Based on an average daily trading volume, of 18,903 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of NASDAQ IMCV traded up $0.78 during trading hours on Thursday, reaching $95.08. 34,114 shares of the stock were exchanged, compared to its average volume of 26,323. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 16.35 and a beta of 0.86. The stock’s fifty day simple moving average is $96.25 and its 200 day simple moving average is $91.12. iShares Morningstar Mid-Cap Value ETF has a 52 week low of $77.65 and a 52 week high of $99.01.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 15th will be given a dividend of $0.5179 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.07 annualized dividend and a dividend yield of 2.2%. This is a positive change from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC boosted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 7.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 5,508 shares of the company’s stock valued at $503,000 after purchasing an additional 401 shares in the last quarter. NewEdge Advisors LLC increased its position in iShares Morningstar Mid-Cap Value ETF by 123.1% during the 2nd quarter. NewEdge Advisors LLC now owns 4,311 shares of the company’s stock worth $394,000 after purchasing an additional 2,379 shares in the last quarter. Kintra Wealth LLC acquired a new position in iShares Morningstar Mid-Cap Value ETF during the 2nd quarter worth approximately $210,000. Rodgers & Associates LTD lifted its stake in iShares Morningstar Mid-Cap Value ETF by 0.7% in the 2nd quarter. Rodgers & Associates LTD now owns 120,448 shares of the company’s stock valued at $11,006,000 after purchasing an additional 795 shares during the last quarter. Finally, Bedel Financial Consulting Inc. lifted its stake in iShares Morningstar Mid-Cap Value ETF by 7.1% in the 2nd quarter. Bedel Financial Consulting Inc. now owns 97,819 shares of the company’s stock valued at $8,938,000 after purchasing an additional 6,495 shares during the last quarter.

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.

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