Steele Capital Management Inc. Acquires 210,165 Shares of iShares Morningstar Mid-Cap Value ETF $IMCV

Steele Capital Management Inc. acquired a new stake in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 210,165 shares of the company’s stock, valued at approximately $19,283,000. iShares Morningstar Mid-Cap Value ETF makes up 0.7% of Steele Capital Management Inc.’s portfolio, making the stock its 29th biggest position.

A number of other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in iShares Morningstar Mid-Cap Value ETF during the 1st quarter worth $26,000. Mather Group LLC. purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the third quarter valued at about $37,000. Bessemer Group Inc. purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the first quarter valued at about $53,000. GK Wealth Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the third quarter valued at about $76,000. Finally, Western Wealth Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the first quarter valued at about $132,000.

iShares Morningstar Mid-Cap Value ETF Stock Down 2.2%

Shares of iShares Morningstar Mid-Cap Value ETF stock opened at $98.46 on Friday. iShares Morningstar Mid-Cap Value ETF has a 52-week low of $77.65 and a 52-week high of $101.38. The company’s 50-day simple moving average is $95.88 and its 200-day simple moving average is $91.39. The firm has a market cap of $1.27 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 disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a $0.5179 dividend. The ex-dividend date was Tuesday, September 15th. This is an increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.4180. This represents a $2.07 dividend on an annualized basis and a yield of 2.1%.

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.