iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw strong trading volume on Thursday. Approximately 176,477 shares traded hands during mid-day trading, an increase of 539% from the previous session’s volume of 27,598 shares. The stock last traded at $96.0980 and had previously closed at $95.18.

iShares Morningstar Mid-Cap Value ETF Stock Performance

The company has a 50-day moving average price of $95.76 and a 200-day moving average price of $92.25. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 16.35 and a beta of 0.87.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were paid a dividend of $0.5179 per share. This represents a $2.07 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.4180.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

Several hedge funds and other institutional investors have recently modified their holdings of IMCV. International Assets Investment Management LLC acquired a new stake in iShares Morningstar Mid-Cap Value ETF during the 1st quarter valued at $26,000. Mather Group LLC. bought a new stake in iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at $37,000. Bessemer Group Inc. acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF in the first quarter valued at about $53,000. GK Wealth Management LLC acquired a new stake in iShares Morningstar Mid-Cap Value ETF during the third quarter worth approximately $76,000. Finally, Western Wealth Management LLC acquired a new position in iShares Morningstar Mid-Cap Value ETF in the first quarter valued at about $132,000.

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.