Black Diamond Financial LLC Grows Position in iShares Morningstar Mid-Cap Value ETF $IMCV

Black Diamond Financial LLC grew its holdings in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 71.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,922 shares of the company’s stock after purchasing an additional 79,153 shares during the quarter. iShares Morningstar Mid-Cap Value ETF comprises approximately 1.7% of Black Diamond Financial LLC’s portfolio, making the stock its 16th biggest holding. Black Diamond Financial LLC owned 1.75% of iShares Morningstar Mid-Cap Value ETF worth $15,260,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 335.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 123,020 shares of the company’s stock valued at $9,347,000 after buying an additional 94,752 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 18.2% in the second quarter. Raymond James Financial Inc. now owns 395,910 shares of the company’s stock worth $30,081,000 after acquiring an additional 60,971 shares during the period. Marietta Wealth Management LLC grew its position in shares of iShares Morningstar Mid-Cap Value ETF by 55.6% in the third quarter. Marietta Wealth Management LLC now owns 126,698 shares of the company’s stock valued at $10,180,000 after purchasing an additional 45,257 shares in the last quarter. Sovran Advisors LLC raised its stake in shares of iShares Morningstar Mid-Cap Value ETF by 136.6% during the 3rd quarter. Sovran Advisors LLC now owns 56,837 shares of the company’s stock valued at $4,512,000 after purchasing an additional 32,813 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in iShares Morningstar Mid-Cap Value ETF by 116.0% during the 2nd quarter. Cetera Investment Advisers now owns 47,852 shares of the company’s stock worth $3,636,000 after purchasing an additional 25,697 shares in the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Up 1.5%

Shares of IMCV opened at $87.37 on Thursday. The business’s 50-day moving average price is $83.76 and its 200-day moving average price is $80.88. iShares Morningstar Mid-Cap Value ETF has a twelve month low of $64.02 and a twelve month high of $87.59. The stock has a market cap of $974.18 million, a PE ratio of 16.35 and a beta of 0.96.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

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

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.