iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sees Unusually-High Trading Volume – Time to Buy?

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) shares saw an uptick in trading volume on Wednesday. 175,311 shares traded hands during trading, an increase of 559% from the previous session’s volume of 26,612 shares. The stock last traded at $93.0760 and had previously closed at $93.55.

iShares Morningstar Mid-Cap Value ETF Price Performance

The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 16.35 and a beta of 0.87. The stock has a 50-day moving average of $95.86 and a 200 day moving average of $91.95.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were paid a dividend of $0.5179 per share. This represents a $2.07 dividend on an annualized basis and a dividend yield of 2.2%. This is a positive change from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.4180. The ex-dividend date of this dividend was Tuesday, September 15th.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Matrix Trust Co raised its position in shares of 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 valued at $19,164,000 after acquiring an additional 2,402 shares during the last quarter. Rodgers & Associates LTD grew its stake in shares of iShares Morningstar Mid-Cap Value ETF by 0.7% during the second quarter. Rodgers & Associates LTD now owns 120,448 shares of the company’s stock worth $11,006,000 after purchasing an additional 795 shares during the period. Cetera Investment Advisers grew 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 worth $9,311,000 after purchasing an additional 13,385 shares during the period. Bedel Financial Consulting Inc. increased its holdings in iShares Morningstar Mid-Cap Value ETF by 7.1% in 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 last quarter. Finally, Royal Bank of Canada increased its holdings in 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 valued at $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.