Sovran Advisors LLC Has $4.51 Million Holdings in iShares Morningstar Mid-Cap Value ETF $IMCV

Sovran Advisors LLC grew its holdings in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 136.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,837 shares of the company’s stock after acquiring an additional 32,813 shares during the quarter. Sovran Advisors LLC’s holdings in iShares Morningstar Mid-Cap Value ETF were worth $4,512,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IMCV. Ameritas Advisory Services LLC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 2nd quarter valued at approximately $58,000. Smartleaf Asset Management LLC raised its holdings in iShares Morningstar Mid-Cap Value ETF by 18.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,317 shares of the company’s stock worth $175,000 after buying an additional 367 shares during the period. Portland Financial Advisors Inc bought a new position in iShares Morningstar Mid-Cap Value ETF in the third quarter valued at approximately $209,000. 5T Wealth LLC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF in the third quarter valued at approximately $212,000. Finally, D.A. Davidson & CO. bought a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the second quarter worth $243,000.

iShares Morningstar Mid-Cap Value ETF Price Performance

IMCV opened at $85.30 on Monday. The company has a market capitalization of $946.83 million, a price-to-earnings ratio of 16.35 and a beta of 0.96. The business’s 50-day moving average price is $82.74 and its two-hundred day moving average price is $80.42. iShares Morningstar Mid-Cap Value ETF has a 1 year low of $64.02 and a 1 year high of $86.12.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

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

About iShares Morningstar Mid-Cap Value ETF

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.