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

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCVGet Free Report) shares hit a new 52-week high on Monday . The company traded as high as $94.33 and last traded at $94.24, with a volume of 4987 shares changing hands. The stock had previously closed at $93.51.

iShares Morningstar Mid-Cap Value ETF Trading Up 0.6%

The firm has a 50-day moving average of $90.35 and a 200-day moving average of $87.58. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 16.35 and a beta of 0.86.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the first quarter worth about $26,000. Russell Investments Group Ltd. increased its holdings 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 worth $29,000 after buying an additional 280 shares during the period. Godfrey Financial Associates Inc. acquired a new position in iShares Morningstar Mid-Cap Value ETF in the 4th quarter worth approximately $34,000. Wealth Watch Advisors INC purchased a new position in iShares Morningstar Mid-Cap Value ETF during the 3rd quarter worth approximately $35,000. Finally, Bessemer Group Inc. purchased a new position in iShares Morningstar Mid-Cap Value ETF during the 1st quarter worth approximately $53,000.

About iShares Morningstar Mid-Cap Value ETF

(Get Free Report)

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.

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