iShares Morningstar Mid-Cap Value ETF $IMCV Stock Sold by Orgel Wealth Management LLC

Orgel Wealth Management LLC reduced its stake in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 316,009 shares of the company’s stock after selling 25,906 shares during the quarter. iShares Morningstar Mid-Cap Value ETF comprises approximately 0.5% of Orgel Wealth Management LLC’s portfolio, making the stock its 23rd biggest holding. Orgel Wealth Management LLC owned approximately 2.62% of iShares Morningstar Mid-Cap Value ETF worth $28,994,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the 1st quarter worth about $26,000. Mather Group LLC. acquired a new position in iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at about $37,000. Integrated Wealth Concepts LLC lifted its holdings in iShares Morningstar Mid-Cap Value ETF by 7.9% in 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 in the last quarter. Bessemer Group Inc. purchased a new position in iShares Morningstar Mid-Cap Value ETF in the 1st quarter valued at about $53,000. Finally, D.A. Davidson & CO. lifted its holdings in iShares Morningstar Mid-Cap Value ETF by 11.8% in the 1st quarter. D.A. Davidson & CO. now owns 6,172 shares of the company’s stock valued at $523,000 after purchasing an additional 650 shares in the last quarter.

iShares Morningstar Mid-Cap Value ETF Price Performance

iShares Morningstar Mid-Cap Value ETF stock opened at $95.18 on Thursday. The stock has a market capitalization of $1.15 billion, a P/E ratio of 16.35 and a beta of 0.87. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $77.65 and a 12-month high of $99.01. The firm’s 50-day moving average is $95.76 and its two-hundred day moving average is $92.25.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

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

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.