iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sets New 12-Month High – What’s Next?

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $98.54 and last traded at $98.39, with a volume of 5922 shares trading hands. The stock had previously closed at $97.60.

iShares Morningstar Mid-Cap Value ETF Price Performance

The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 16.35 and a beta of 0.86. The business’s 50 day moving average price is $94.19 and its 200-day moving average price is $89.94.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a dividend of $0.418 per share. This represents a $1.67 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, June 15th. This is a positive change from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

Hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in iShares Morningstar Mid-Cap Value ETF during the first quarter worth $26,000. Russell Investments Group Ltd. raised its position in iShares Morningstar Mid-Cap Value ETF by 394.4% in the fourth quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 280 shares in the last quarter. Compass Financial Management LLC acquired a new stake in iShares Morningstar Mid-Cap Value ETF in the second quarter valued at $33,000. Godfrey Financial Associates Inc. acquired a new stake in iShares Morningstar Mid-Cap Value ETF in the fourth quarter valued at $34,000. Finally, Wealth Watch Advisors INC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the 3rd quarter worth $35,000.

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.