iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw unusually-strong trading volume on Thursday. 176,477 shares traded hands during trading, an increase of 539% from the previous session’s volume of 27,598 shares. The stock last traded at $96.0980 and had previously closed at $95.18.

iShares Morningstar Mid-Cap Value ETF Stock Performance

The company has a market cap of $1.17 billion, a PE ratio of 16.35 and a beta of 0.87. The business’s 50-day moving average is $95.75 and its 200 day moving average is $92.37.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were issued a $0.5179 dividend. This is an increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.4180. This represents a $2.07 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 15th.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Matrix Trust Co grew its position in iShares Morningstar Mid-Cap Value ETF by 1.2% during the 2nd quarter. Matrix Trust Co now owns 209,721 shares of the company’s stock worth $19,164,000 after acquiring an additional 2,402 shares during the last quarter. Rodgers & Associates LTD lifted its position in iShares Morningstar Mid-Cap Value ETF by 0.7% in the second quarter. Rodgers & Associates LTD now owns 120,448 shares of the company’s stock valued at $11,006,000 after purchasing an additional 795 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 13.9% during the first quarter. Cetera Investment Advisers now owns 109,815 shares of the company’s stock valued at $9,311,000 after purchasing an additional 13,385 shares during the period. Bedel Financial Consulting Inc. boosted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 7.1% during the second quarter. Bedel Financial Consulting Inc. now owns 97,819 shares of the company’s stock valued at $8,938,000 after purchasing an additional 6,495 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 4.4% in the first quarter. Royal Bank of Canada now owns 97,441 shares of the company’s stock worth $8,262,000 after purchasing an additional 4,110 shares during the last quarter.

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.