iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Short Interest Update

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 8,049 shares, a decline of 41.9% from the August 15th total of 13,845 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 18,903 shares, the short-interest ratio is presently 0.4 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC grew its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 200.1% during the first quarter. Kestra Advisory Services LLC now owns 25,306 shares of the company’s stock worth $2,146,000 after purchasing an additional 16,874 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in iShares Morningstar Mid-Cap Value ETF by 105.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 97,338 shares of the company’s stock worth $8,015,000 after buying an additional 49,880 shares during the period. Sentinel Advisory Group LLC bought a new stake in iShares Morningstar Mid-Cap Value ETF during the 1st quarter worth approximately $866,000. Diversify Wealth Management LLC acquired a new position in iShares Morningstar Mid-Cap Value ETF in the 1st quarter valued at approximately $1,985,000. Finally, Cetera Investment Advisers raised 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 valued at $9,311,000 after acquiring an additional 13,385 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Price Performance

Shares of NASDAQ:IMCV opened at $95.08 on Friday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 16.35 and a beta of 0.86. The firm’s 50 day simple moving average is $96.29 and its 200 day simple moving average is $91.16. iShares Morningstar Mid-Cap Value ETF has a fifty-two week low of $77.65 and a fifty-two week high of $99.01.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th will be paid a $0.5179 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This is an increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42. This represents a $2.07 dividend on an annualized basis and a yield of 2.2%.

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.