iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sees Large Volume Increase – Time to Buy?

Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw an uptick in trading volume on Thursday. Approximately 176,477 shares changed hands during mid-day trading, an increase of 539% from the previous session’s volume of 27,598 shares. The stock last traded at $96.0980 and had previously closed at $95.18.

iShares Morningstar Mid-Cap Value ETF Trading Up 1.0%

The company has a market cap of $1.16 billion, a price-to-earnings ratio of 16.35 and a beta of 0.87. The firm’s 50-day moving average price is $95.76 and its 200 day moving average price is $92.25.

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 given a $0.5179 dividend. This represents a $2.07 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.4180.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

Institutional investors have recently made changes to their positions in the company. Mather Group LLC. purchased a new position in iShares Morningstar Mid-Cap Value ETF during the third quarter worth about $37,000. GK Wealth Management LLC bought a new stake in iShares Morningstar Mid-Cap Value ETF during the third quarter worth $76,000. Integrated Wealth Concepts LLC increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 7.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 5,508 shares of the company’s stock valued at $503,000 after purchasing an additional 401 shares during the last quarter. NewEdge Advisors LLC grew its position in iShares Morningstar Mid-Cap Value ETF by 123.1% during the second quarter. NewEdge Advisors LLC now owns 4,311 shares of the company’s stock valued at $394,000 after buying an additional 2,379 shares during the period. Finally, Kintra Wealth LLC purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the second quarter worth about $210,000.

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.