Trivant Custom Portfolio Group LLC Boosts Position in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Trivant Custom Portfolio Group LLC grew its holdings in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 27.2% during the 1st quarter, Holdings Channel reports. The fund owned 5,001 shares of the company’s stock after purchasing an additional 1,070 shares during the period. Trivant Custom Portfolio Group LLC’s holdings in iShares Morningstar Mid-Cap Value ETF were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in iShares Morningstar Mid-Cap Value ETF during the fourth quarter valued at $22,184,000. Focus Partners Wealth grew its position in iShares Morningstar Mid-Cap Value ETF by 2,220.8% during the 4th quarter. Focus Partners Wealth now owns 305,677 shares of the company’s stock worth $22,700,000 after purchasing an additional 292,506 shares during the period. Ipsen Advisor Group LLC purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 4th quarter valued at about $5,837,000. Millstone Evans Group LLC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 4th quarter valued at about $3,105,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 20.8% in the 4th quarter. Ameriprise Financial Inc. now owns 62,756 shares of the company’s stock valued at $4,660,000 after buying an additional 10,791 shares during the period.

iShares Morningstar Mid-Cap Value ETF Stock Up 0.2%

Shares of IMCV opened at $74.24 on Thursday. The company has a market capitalization of $660.74 million, a price-to-earnings ratio of 16.57 and a beta of 1.08. iShares Morningstar Mid-Cap Value ETF has a 52 week low of $64.02 and a 52 week high of $81.32. The stock’s 50-day moving average price is $72.76 and its 200-day moving average price is $74.21.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, June 16th will be issued a $0.4384 dividend. The ex-dividend date of this dividend is Monday, June 16th. This is an increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.37. This represents a $1.75 dividend on an annualized basis and a yield of 2.36%.

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.