Northwestern Mutual Wealth Management Co. Grows Position in iShares Morningstar Mid-Cap Value ETF $IMCV

Northwestern Mutual Wealth Management Co. grew its position in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 105.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 97,338 shares of the company’s stock after acquiring an additional 49,880 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Morningstar Mid-Cap Value ETF were worth $8,015,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Godfrey Financial Associates Inc. bought a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 4th quarter valued at about $34,000. Wealth Watch Advisors INC bought a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 3rd quarter valued at about $35,000. GGM Financials LLC bought a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 3rd quarter valued at about $40,000. Assetmark Inc. increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 43.6% during the 3rd quarter. Assetmark Inc. now owns 692 shares of the company’s stock valued at $56,000 after purchasing an additional 210 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 523.2% during the 4th quarter. Farther Finance Advisors LLC now owns 698 shares of the company’s stock valued at $58,000 after purchasing an additional 586 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of iShares Morningstar Mid-Cap Value ETF stock opened at $89.87 on Wednesday. The firm has a market capitalization of $1.04 billion, a PE ratio of 16.35 and a beta of 0.86. The business’s 50-day moving average price is $87.43 and its 200-day moving average price is $85.52. iShares Morningstar Mid-Cap Value ETF has a 12 month low of $73.92 and a 12 month high of $90.45.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a dividend of $0.3501 per share. The ex-dividend date was Tuesday, March 17th. This represents a $1.40 annualized dividend and a dividend yield of 1.6%.

iShares Morningstar Mid-Cap Value ETF 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.