iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Hits New 52-Week High – Here’s Why

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCVGet Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $91.05 and last traded at $91.05, with a volume of 9905 shares. The stock had previously closed at $89.94.

iShares Morningstar Mid-Cap Value ETF Stock Performance

The company has a market cap of $1.05 billion, a price-to-earnings ratio of 16.35 and a beta of 0.86. The firm has a fifty day moving average price of $88.34 and a 200 day moving average price of $86.06.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were issued a $0.3501 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, March 17th.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Value ETF

Several large investors have recently made changes to their positions in IMCV. International Assets Investment Management LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 1st quarter valued at approximately $26,000. Russell Investments Group Ltd. boosted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 394.4% in the 4th quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock valued at $29,000 after buying an additional 280 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 4th quarter valued at approximately $34,000. Wealth Watch Advisors INC acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at approximately $35,000. Finally, GGM Financials LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at approximately $40,000.

About iShares Morningstar Mid-Cap Value ETF

(Get Free Report)

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.

Further Reading

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