iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sets New 12-Month High – Time to Buy?

Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) hit a new 52-week high during trading on Thursday . The company traded as high as $92.45 and last traded at $92.21, with a volume of 7102 shares traded. The stock had previously closed at $91.06.

iShares Morningstar Mid-Cap Value ETF Stock Performance

The firm has a fifty day simple moving average of $89.29 and a 200 day simple moving average of $86.73. The company has a market capitalization of $1.06 billion, a PE ratio of 16.35 and a beta of 0.86.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.418 dividend. This represents a $1.67 dividend on an annualized basis and a yield of 1.8%. This is a boost from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the 1st quarter worth $26,000. Russell Investments Group Ltd. increased its position in iShares Morningstar Mid-Cap Value ETF by 394.4% during 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 in the last quarter. Godfrey Financial Associates Inc. acquired a new position in iShares Morningstar Mid-Cap Value ETF during the 4th quarter valued at about $34,000. Wealth Watch Advisors INC purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at approximately $35,000. Finally, GGM Financials LLC purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF in the third quarter worth about $40,000.

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.