Park Avenue Securities LLC Makes New $1.50 Million Investment in iShares Morningstar Mid-Cap Value ETF $IMCV

Park Avenue Securities LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 16,336 shares of the company’s stock, valued at approximately $1,499,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in iShares Morningstar Mid-Cap Value ETF in the 1st quarter worth $26,000. Mather Group LLC. purchased a new position in iShares Morningstar Mid-Cap Value ETF during the third quarter valued at $37,000. Bessemer Group Inc. bought a new stake in iShares Morningstar Mid-Cap Value ETF during the first quarter valued at about $53,000. GK Wealth Management LLC bought a new stake in iShares Morningstar Mid-Cap Value ETF during the third quarter valued at about $76,000. Finally, Western Wealth Management LLC bought a new stake in iShares Morningstar Mid-Cap Value ETF during the first quarter valued at about $132,000.

iShares Morningstar Mid-Cap Value ETF Price Performance

Shares of IMCV opened at $99.15 on Monday. The business has a 50-day simple moving average of $95.79 and a two-hundred day simple moving average of $91.11. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 16.35 and a beta of 0.87. iShares Morningstar Mid-Cap Value ETF has a 52 week low of $77.65 and a 52 week high of $99.75.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.5179 per share. This represents a $2.07 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 15th. This is an increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.4180.

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.