D.A. Davidson & CO. Makes New $658,000 Investment in iShares Morningstar Mid-Cap Value ETF $IMCV

D.A. Davidson & CO. bought a new position in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,172 shares of the company’s stock, valued at approximately $658,000. D.A. Davidson & CO. owned 0.06% of iShares Morningstar Mid-Cap Value ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Diversify Wealth Management LLC bought a new position in iShares Morningstar Mid-Cap Value ETF during the first quarter valued at approximately $1,985,000. Black Diamond Financial LLC increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 8.6% during the third quarter. Black Diamond Financial LLC now owns 266,709 shares of the company’s stock worth $24,470,000 after acquiring an additional 21,097 shares during the period. Courage Miller Partners LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the third quarter worth $1,569,000. Kestra Advisory Services LLC boosted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 200.1% during the 1st quarter. Kestra Advisory Services LLC now owns 25,306 shares of the company’s stock worth $2,146,000 after purchasing an additional 16,874 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the third quarter valued at approximately $1,499,000.

iShares Morningstar Mid-Cap Value ETF Price Performance

Shares of IMCV opened at $97.72 on Friday. The stock has a market capitalization of $1.26 billion, a P/E ratio of 16.35 and a beta of 0.86. The firm’s 50 day moving average is $95.87 and its 200-day moving average is $91.46. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $77.65 and a 12-month high of $101.38.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

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