iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sets New 1-Year High – Still a Buy?

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) hit a new 52-week high on Friday . The stock traded as high as $89.74 and last traded at $89.33, with a volume of 1627 shares trading hands. The stock had previously closed at $88.19.

iShares Morningstar Mid-Cap Value ETF Trading Down 0.0%

The firm has a market cap of $1.03 billion, a P/E ratio of 16.35 and a beta of 0.90. The company’s 50-day moving average is $86.57 and its two-hundred day moving average is $84.17.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a $0.3501 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $1.40 annualized dividend and a yield of 1.6%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in IMCV. Russell Investments Group Ltd. increased its stake in 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 buying an additional 280 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in iShares Morningstar Mid-Cap Value ETF in the 4th quarter valued at about $34,000. Wealth Watch Advisors INC purchased a new stake in iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at about $35,000. GGM Financials LLC purchased a new stake in iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at about $40,000. Finally, Assetmark Inc. increased its stake in iShares Morningstar Mid-Cap Value ETF by 43.6% in the 3rd quarter. Assetmark Inc. now owns 692 shares of the company’s stock valued at $56,000 after buying an additional 210 shares during the last quarter.

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.