iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Hits New 52-Week High – Should You Buy?

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCVGet Free Report)’s stock price reached a new 52-week high on Monday . The stock traded as high as $95.68 and last traded at $95.68, with a volume of 1486 shares. The stock had previously closed at $95.06.

iShares Morningstar Mid-Cap Value ETF Stock Performance

The business has a fifty day simple moving average of $91.46 and a 200 day simple moving average of $88.36. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 16.35 and a beta of 0.86.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

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

Hedge Funds Weigh In On iShares Morningstar Mid-Cap Value ETF

A number of hedge funds have recently bought and sold shares of IMCV. International Assets Investment Management LLC acquired a new stake in iShares Morningstar Mid-Cap Value ETF in the 1st quarter worth about $26,000. Russell Investments Group Ltd. grew its position in shares of 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 worth $29,000 after purchasing an additional 280 shares in the last quarter. Godfrey Financial Associates Inc. acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 4th quarter worth approximately $34,000. Wealth Watch Advisors INC bought a new position in shares of iShares Morningstar Mid-Cap Value ETF during the third quarter worth approximately $35,000. Finally, Bessemer Group Inc. bought a new position in shares of iShares Morningstar Mid-Cap Value ETF during the first quarter worth approximately $53,000.

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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