iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw unusually-strong trading volume on Thursday . Approximately 31,664 shares changed hands during trading, an increase of 47% from the previous session’s volume of 21,588 shares.The stock last traded at $74.32 and had previously closed at $74.14.

iShares Morningstar Mid-Cap Value ETF Price Performance

The business has a 50-day moving average of $75.54 and a two-hundred day moving average of $76.29. The company has a market cap of $650.48 million, a P/E ratio of 16.67 and a beta of 1.08.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

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

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Value ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in iShares Morningstar Mid-Cap Value ETF by 23.5% during the fourth 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 stake in shares of iShares Morningstar Mid-Cap Value ETF during the fourth quarter worth approximately $32,000. Revisor Wealth Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the fourth quarter worth approximately $226,000. Retirement Planning Group LLC increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 2.0% during the fourth quarter. Retirement Planning Group LLC now owns 19,106 shares of the company’s stock worth $1,419,000 after purchasing an additional 366 shares in the last quarter. Finally, Vivaldi Capital Management LP boosted its stake in iShares Morningstar Mid-Cap Value ETF by 5.5% during the fourth quarter. Vivaldi Capital Management LP now owns 22,366 shares of the company’s stock worth $1,730,000 after buying an additional 1,158 shares during the last quarter.

About iShares Morningstar Mid-Cap Value ETF

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.