WealthTrak Capital Management LLC Invests $314,000 in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

WealthTrak Capital Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,233 shares of the company’s stock, valued at approximately $314,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. HM Payson & Co. bought a new position in iShares Morningstar Mid-Cap Value ETF in the fourth quarter worth about $51,000. Parkside Financial Bank & Trust lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 53.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 783 shares of the company’s stock worth $58,000 after purchasing an additional 273 shares during the last quarter. Hopwood Financial Services Inc. acquired a new position in iShares Morningstar Mid-Cap Value ETF during the 4th quarter valued at approximately $71,000. Harbour Investments Inc. boosted its position in iShares Morningstar Mid-Cap Value ETF by 11.2% during the 4th quarter. Harbour Investments Inc. now owns 2,567 shares of the company’s stock valued at $191,000 after purchasing an additional 259 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in iShares Morningstar Mid-Cap Value ETF by 209.7% during the 4th quarter. Jones Financial Companies Lllp now owns 2,701 shares of the company’s stock worth $201,000 after buying an additional 1,829 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Performance

IMCV stock opened at $73.30 on Friday. iShares Morningstar Mid-Cap Value ETF has a 1 year low of $68.12 and a 1 year high of $81.32. The stock has a market capitalization of $648.71 million, a price-to-earnings ratio of 16.61 and a beta of 1.08. The stock’s fifty day moving average is $75.41 and its two-hundred day moving average is $76.28.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 18th were given a $0.4353 dividend. The ex-dividend date of this dividend was Tuesday, March 18th.

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.