iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Reaches New 1-Year High – Should You Buy?

Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $86.10 and last traded at $86.0010, with a volume of 4938 shares traded. The stock had previously closed at $85.57.

iShares Morningstar Mid-Cap Value ETF Stock Up 0.4%

The firm has a market capitalization of $953.28 million, a PE ratio of 16.35 and a beta of 0.96. The company has a 50-day moving average of $82.53 and a 200 day moving average of $80.29.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a $0.5403 dividend. This is an increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42. This represents a $2.16 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

Several institutional investors and hedge funds have recently made changes to their positions in IMCV. Royal Bank of Canada grew its position in iShares Morningstar Mid-Cap Value ETF by 3.2% in the first quarter. Royal Bank of Canada now owns 37,503 shares of the company’s stock worth $2,783,000 after acquiring an additional 1,168 shares in the last quarter. Jane Street Group LLC increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 19.3% during the 1st quarter. Jane Street Group LLC now owns 4,265 shares of the company’s stock valued at $316,000 after purchasing an additional 691 shares during the last quarter. Park Avenue Securities LLC purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 2nd quarter valued at about $1,008,000. James J. Burns & Company LLC lifted its position in iShares Morningstar Mid-Cap Value ETF by 235.2% in the 2nd quarter. James J. Burns & Company LLC now owns 20,510 shares of the company’s stock worth $1,558,000 after buying an additional 14,391 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in iShares Morningstar Mid-Cap Value ETF in the 2nd quarter worth approximately $58,000.

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.