Kestra Advisory Services LLC Has $2.15 Million Stake in iShares Morningstar Mid-Cap Value ETF $IMCV

Kestra Advisory Services LLC raised its stake in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 200.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 25,306 shares of the company’s stock after purchasing an additional 16,874 shares during the quarter. Kestra Advisory Services LLC’s holdings in iShares Morningstar Mid-Cap Value ETF were worth $2,146,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. raised its position in shares of iShares Morningstar Mid-Cap Value ETF by 394.4% in the 4th quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock valued at $29,000 after acquiring an additional 280 shares during the period. Godfrey Financial Associates Inc. bought a new position in iShares Morningstar Mid-Cap Value ETF during the 4th quarter worth approximately $34,000. Wealth Watch Advisors INC acquired a new position in iShares Morningstar Mid-Cap Value ETF during the third quarter valued at approximately $35,000. Farther Finance Advisors LLC grew its holdings in iShares Morningstar Mid-Cap Value ETF by 523.2% during the fourth quarter. Farther Finance Advisors LLC now owns 698 shares of the company’s stock valued at $58,000 after purchasing an additional 586 shares during the period. Finally, US Bancorp DE grew its holdings in iShares Morningstar Mid-Cap Value ETF by 128.3% during the third quarter. US Bancorp DE now owns 1,153 shares of the company’s stock valued at $93,000 after purchasing an additional 648 shares during the period.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of NASDAQ:IMCV opened at $94.39 on Monday. iShares Morningstar Mid-Cap Value ETF has a 52 week low of $75.64 and a 52 week high of $95.46. The company has a market capitalization of $1.12 billion, a PE ratio of 16.35 and a beta of 0.86. The company has a 50 day moving average price of $90.87 and a two-hundred day moving average price of $87.96.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $0.418 dividend. This is a positive change from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.67 annualized dividend and a dividend yield of 1.8%.

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.