iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Reaches New 1-Year High – Here’s Why

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) shares hit a new 52-week high during trading on Thursday. The company traded as high as $99.01 and last traded at $98.98, with a volume of 50,167 shares trading hands. The stock had previously closed at $97.69.

iShares Morningstar Mid-Cap Value ETF Trading Up 0.2%

The business’s 50-day simple moving average is $95.79 and its 200-day simple moving average is $91.11. The company has a market cap of $1.27 billion, a PE ratio of 16.35 and a beta of 0.87.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The company also recently disclosed 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. This represents a $2.07 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 15th.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

A number of institutional investors have recently bought and sold shares of IMCV. Black Diamond Financial LLC grew its position in iShares Morningstar Mid-Cap Value ETF by 8.6% in the third quarter. Black Diamond Financial LLC now owns 266,709 shares of the company’s stock worth $24,470,000 after acquiring an additional 21,097 shares in the last quarter. Matrix Trust Co increased its stake in shares of iShares Morningstar Mid-Cap Value ETF by 1.2% during the 2nd quarter. Matrix Trust Co now owns 209,721 shares of the company’s stock worth $19,164,000 after purchasing an additional 2,402 shares during the last quarter. Rodgers & Associates LTD raised its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 0.7% during the 2nd quarter. Rodgers & Associates LTD now owns 120,448 shares of the company’s stock valued at $11,006,000 after purchasing an additional 795 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 13.9% during the 1st quarter. Cetera Investment Advisers now owns 109,815 shares of the company’s stock valued at $9,311,000 after purchasing an additional 13,385 shares in the last quarter. Finally, Bedel Financial Consulting Inc. raised its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 7.1% during the 2nd quarter. Bedel Financial Consulting Inc. now owns 97,819 shares of the company’s stock valued at $8,938,000 after purchasing an additional 6,495 shares in the last quarter.

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.