iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sets New 52-Week High – Time to Buy?

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) shares hit a new 52-week high during trading on Friday . The company traded as high as $91.01 and last traded at $90.71, with a volume of 6007 shares trading hands. The stock had previously closed at $90.97.

iShares Morningstar Mid-Cap Value ETF Price Performance

The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 16.35 and a beta of 0.86. The business has a fifty day moving average of $87.84 and a 200-day moving average of $85.72.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The business 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 was Tuesday, March 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap Value ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. boosted its position in iShares Morningstar Mid-Cap Value ETF by 3.3% during the 3rd quarter. Raymond James Financial Inc. now owns 409,104 shares of the company’s stock worth $32,872,000 after acquiring an additional 13,194 shares during the period. LPL Financial LLC lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 22.1% during the 4th quarter. LPL Financial LLC now owns 338,792 shares of the company’s stock valued at $27,895,000 after buying an additional 61,366 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 7.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 291,826 shares of the company’s stock valued at $24,028,000 after buying an additional 19,595 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of iShares Morningstar Mid-Cap Value ETF by 19.4% in the 4th quarter. Wells Fargo & Company MN now owns 261,282 shares of the company’s stock valued at $21,514,000 after acquiring an additional 42,544 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of iShares Morningstar Mid-Cap Value ETF by 3.9% in the 3rd quarter. Bank of America Corp DE now owns 228,185 shares of the company’s stock valued at $18,335,000 after acquiring an additional 8,581 shares in 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.