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

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 13,596 shares, a growth of 68.9% from the August 31st total of 8,049 shares. Based on an average daily volume of 17,402 shares, the short-interest ratio is currently 0.8 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 105.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 97,338 shares of the company’s stock worth $8,015,000 after purchasing an additional 49,880 shares in the last quarter. Diversify Wealth Management LLC acquired a new position in iShares Morningstar Mid-Cap Value ETF during the first quarter worth approximately $1,985,000. Kestra Advisory Services LLC increased its position in iShares Morningstar Mid-Cap Value ETF by 200.1% during the first quarter. Kestra Advisory Services LLC now owns 25,306 shares of the company’s stock worth $2,146,000 after buying an additional 16,874 shares during the period. Fifth Third Bancorp purchased a new stake in iShares Morningstar Mid-Cap Value ETF in the first quarter valued at approximately $1,140,000. Finally, Cetera Investment Advisers lifted its stake in iShares Morningstar Mid-Cap Value ETF by 13.9% in the first quarter. Cetera Investment Advisers now owns 109,815 shares of the company’s stock valued at $9,311,000 after buying an additional 13,385 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of IMCV traded up $0.20 during midday trading on Thursday, hitting $91.95. 12,840 shares of the stock were exchanged, compared to its average volume of 26,337. iShares Morningstar Mid-Cap Value ETF has a 52-week low of $77.65 and a 52-week high of $99.01. The stock has a fifty day simple moving average of $96.16 and a 200 day simple moving average of $91.57. The firm has a market cap of $1.12 billion, a P/E ratio of 16.35 and a beta of 0.86.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were issued a dividend of $0.5179 per share. This is a positive change from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.4180. The ex-dividend date was Tuesday, September 15th. This represents a $2.07 dividend on an annualized basis and a yield of 2.3%.

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.