Merit Financial Group LLC Grows Position in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Merit Financial Group LLC increased its holdings in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 52.3% in the fourth quarter, Holdings Channel reports. The fund owned 30,085 shares of the company’s stock after purchasing an additional 10,336 shares during the quarter. Merit Financial Group LLC’s holdings in iShares Morningstar Mid-Cap Value ETF were worth $2,037,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in IMCV. Revisor Wealth Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the third quarter valued at about $211,000. LaFleur & Godfrey LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the fourth quarter valued at about $218,000. Harbour Investments Inc. lifted its position in shares of iShares Morningstar Mid-Cap Value ETF by 109.5% during the third quarter. Harbour Investments Inc. now owns 3,658 shares of the company’s stock valued at $222,000 after buying an additional 1,912 shares during the last quarter. TIAA Trust National Association purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the fourth quarter valued at about $244,000. Finally, Trivant Custom Portfolio Group LLC lifted its position in shares of iShares Morningstar Mid-Cap Value ETF by 4.8% during the third quarter. Trivant Custom Portfolio Group LLC now owns 4,065 shares of the company’s stock valued at $246,000 after buying an additional 188 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Performance

IMCV stock opened at $70.27 on Friday. The firm has a market cap of $604.32 million, a price-to-earnings ratio of 15.13 and a beta of 1.08. The firm has a 50-day simple moving average of $70.24 and a two-hundred day simple moving average of $66.56. iShares Morningstar Mid-Cap Value ETF has a one year low of $57.34 and a one year high of $72.64.

iShares Morningstar Mid-Cap Value ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were given a dividend of $0.3268 per share. This represents a $1.31 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Thursday, March 21st.

iShares Morningstar Mid-Cap Value ETF Company 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.