iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) to Issue $0.35 Quarterly Dividend

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) announced a quarterly dividend on Monday, March 16th, NASDAQ Dividends reports. Shareholders of record on Tuesday, March 17th will be given a dividend of 0.3501 per share on Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, March 17th.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of NASDAQ IMCV traded up $0.23 during midday trading on Tuesday, hitting $85.08. 19,916 shares of the company’s stock traded hands, compared to its average volume of 32,763. The firm has a fifty day moving average of $86.63 and a 200 day moving average of $82.75. iShares Morningstar Mid-Cap Value ETF has a 1 year low of $64.02 and a 1 year high of $89.61. The stock has a market capitalization of $948.64 million, a price-to-earnings ratio of 16.35 and a beta of 0.96.

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.