iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Short Interest Update

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 8,049 shares, a decrease of 41.9% from the August 15th total of 13,845 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 18,903 shares, the short-interest ratio is presently 0.4 days.

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

A number of institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the first quarter valued at $26,000. PCA Investment Advisory Services Inc. boosted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 2.3% during the 4th quarter. PCA Investment Advisory Services Inc. now owns 13,837 shares of the company’s stock valued at $1,139,000 after acquiring an additional 313 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 7.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 5,508 shares of the company’s stock valued at $503,000 after acquiring an additional 401 shares during the last quarter. Godfrey Financial Associates Inc. bought a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the fourth quarter worth approximately $34,000. Finally, Bessemer Group Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF during the first quarter valued at approximately $53,000.

iShares Morningstar Mid-Cap Value ETF Price Performance

IMCV traded down $1.10 on Wednesday, hitting $94.30. The company had a trading volume of 30,648 shares, compared to its average volume of 26,279. The firm has a market capitalization of $1.15 billion, a P/E ratio of 16.35 and a beta of 0.86. The stock has a fifty day simple moving average of $96.22 and a 200-day simple moving average of $91.08. iShares Morningstar Mid-Cap Value ETF has a 52-week low of $77.65 and a 52-week high of $99.01.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.5179 per share. The ex-dividend date is Tuesday, September 15th. This is a positive change from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42. This represents a $2.07 annualized dividend and a dividend yield of 2.2%.

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.