iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Reaches New 12-Month High – Here’s Why

Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) hit a new 52-week high on Wednesday. The stock traded as high as $100.38 and last traded at $99.87, with a volume of 3,509 shares trading hands. The stock had previously closed at $99.62.

iShares Morningstar Mid-Cap Value ETF Price Performance

The stock has a market cap of $1.27 billion, a PE ratio of 16.35 and a beta of 0.86. The business has a 50 day moving average price of $95.88 and a two-hundred day moving average price of $91.39.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The company also recently declared 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. The ex-dividend date was Tuesday, September 15th. This represents a $2.07 dividend on an annualized basis and a yield of 2.1%. This is an increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.4180.

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

Large investors have recently added to or reduced their stakes in the company. Granville Capital Inc. bought a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 3rd quarter worth approximately $15,275,000. Steele Capital Management Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF during the third quarter valued at approximately $19,283,000. Commonwealth Equity Services LLC bought a new position in shares of iShares Morningstar Mid-Cap Value ETF during the third quarter valued at approximately $25,796,000. International Assets Investment Management LLC raised its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 1,182.7% during the third quarter. International Assets Investment Management LLC now owns 32,759 shares of the company’s stock valued at $3,006,000 after acquiring an additional 30,205 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new position in shares of iShares Morningstar Mid-Cap Value ETF during the third quarter valued at approximately $658,000.

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.