Sovran Advisors LLC Has $4.51 Million Position in iShares Morningstar Mid-Cap Value ETF $IMCV

Sovran Advisors LLC increased its holdings in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 136.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,837 shares of the company’s stock after purchasing an additional 32,813 shares during the period. Sovran Advisors LLC owned approximately 0.53% of iShares Morningstar Mid-Cap Value ETF worth $4,512,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in IMCV. Ameritas Advisory Services LLC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 2nd quarter worth approximately $58,000. Smartleaf Asset Management LLC boosted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 18.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,317 shares of the company’s stock valued at $175,000 after purchasing an additional 367 shares in the last quarter. Portland Financial Advisors Inc acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the 3rd quarter worth about $209,000. 5T Wealth LLC acquired a new position in iShares Morningstar Mid-Cap Value ETF in the third quarter valued at about $212,000. Finally, D.A. Davidson & CO. acquired a new position in iShares Morningstar Mid-Cap Value ETF in the second quarter valued at about $243,000.

iShares Morningstar Mid-Cap Value ETF Trading Down 0.4%

NASDAQ IMCV opened at $85.30 on Monday. iShares Morningstar Mid-Cap Value ETF has a 1-year low of $64.02 and a 1-year high of $86.12. The company has a 50 day moving average of $82.74 and a 200-day moving average of $80.42. The firm has a market cap of $946.83 million, a price-to-earnings ratio of 16.35 and a beta of 0.96.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.5403 per share. The ex-dividend date was Tuesday, December 16th. This is a boost from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42. This represents a $2.16 annualized dividend and a dividend yield of 2.5%.

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.