Granville Capital Inc. Makes New Investment in iShares Morningstar Mid-Cap Value ETF $IMCV

Granville Capital Inc. purchased a new stake in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 166,485 shares of the company’s stock, valued at approximately $15,275,000. iShares Morningstar Mid-Cap Value ETF comprises approximately 6.0% of Granville Capital Inc.’s investment portfolio, making the stock its 5th largest position. Granville Capital Inc. owned approximately 1.30% of iShares Morningstar Mid-Cap Value ETF as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Steele Capital Management Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the 3rd quarter worth about $19,283,000. Commonwealth Equity Services LLC acquired a new position in iShares Morningstar Mid-Cap Value ETF in the third quarter valued at about $25,796,000. International Assets Investment Management LLC boosted its stake in iShares Morningstar Mid-Cap Value ETF by 1,182.7% during the third quarter. International Assets Investment Management LLC now owns 32,759 shares of the company’s stock worth $3,006,000 after buying an additional 30,205 shares during the period. D.A. Davidson & CO. purchased a new position in iShares Morningstar Mid-Cap Value ETF during the third quarter worth about $658,000. Finally, LaFleur & Godfrey LLC purchased a new position in iShares Morningstar Mid-Cap Value ETF during the third quarter worth about $991,000.

iShares Morningstar Mid-Cap Value ETF Stock Performance

NASDAQ:IMCV opened at $100.18 on Thursday. The stock has a market capitalization of $1.29 billion, a P/E ratio of 16.35 and a beta of 0.86. The company has a 50 day moving average price of $96.03 and a 200 day moving average price of $91.67. iShares Morningstar Mid-Cap Value ETF has a fifty-two week low of $77.65 and a fifty-two week high of $101.38.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were issued a $0.5179 dividend. This represents a $2.07 annualized dividend and a yield of 2.1%. 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.

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.