iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sees Unusually-High Trading Volume – Here’s Why

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw unusually-strong trading volume on Wednesday. Approximately 175,311 shares were traded during mid-day trading, an increase of 559% from the previous session’s volume of 26,612 shares. The stock last traded at $93.0760 and had previously closed at $93.55.

iShares Morningstar Mid-Cap Value ETF Stock Performance

The firm has a fifty day simple moving average of $95.96 and a 200-day simple moving average of $91.81. The company has a market capitalization of $1.14 billion, a PE ratio of 16.35 and a beta of 0.87.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

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

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Value ETF

A number of institutional investors have recently modified their holdings of IMCV. Integrated Wealth Concepts LLC grew its position in shares of iShares Morningstar Mid-Cap Value ETF by 7.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 5,508 shares of the company’s stock worth $503,000 after acquiring an additional 401 shares in the last quarter. NewEdge Advisors LLC lifted its stake in iShares Morningstar Mid-Cap Value ETF by 123.1% during the second quarter. NewEdge Advisors LLC now owns 4,311 shares of the company’s stock worth $394,000 after purchasing an additional 2,379 shares during the last quarter. Kintra Wealth LLC acquired a new position in iShares Morningstar Mid-Cap Value ETF in the second quarter worth $210,000. Rodgers & Associates LTD raised its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 0.7% during the second quarter. Rodgers & Associates LTD now owns 120,448 shares of the company’s stock worth $11,006,000 after purchasing an additional 795 shares during the period. Finally, Bedel Financial Consulting Inc. raised its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 7.1% during the second quarter. Bedel Financial Consulting Inc. now owns 97,819 shares of the company’s stock worth $8,938,000 after purchasing an additional 6,495 shares during the period.

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.