iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sets New 12-Month High – Still a Buy?

Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) reached a new 52-week high during trading on Thursday . The company traded as high as $82.13 and last traded at $82.14, with a volume of 7712 shares. The stock had previously closed at $81.86.

iShares Morningstar Mid-Cap Value ETF Trading Up 0.2%

The firm has a 50 day moving average of $80.02 and a two-hundred day moving average of $78.19. The stock has a market capitalization of $889.93 million, a PE ratio of 16.35 and a beta of 0.96.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.4212 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.1%.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. lifted its holdings in iShares Morningstar Mid-Cap Value ETF by 3.3% in the 3rd quarter. Raymond James Financial Inc. now owns 409,104 shares of the company’s stock worth $32,872,000 after buying an additional 13,194 shares in the last quarter. Orgel Wealth Management LLC lifted its stake in iShares Morningstar Mid-Cap Value ETF by 5.7% during the second quarter. Orgel Wealth Management LLC now owns 359,977 shares of the company’s stock worth $27,351,000 after purchasing an additional 19,452 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of iShares Morningstar Mid-Cap Value ETF by 0.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 272,231 shares of the company’s stock worth $21,874,000 after buying an additional 2,126 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 3.9% during the third quarter. Bank of America Corp DE now owns 228,185 shares of the company’s stock valued at $18,335,000 after purchasing an additional 8,581 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 5.0% in the 2nd quarter. Osaic Holdings Inc. now owns 218,051 shares of the company’s stock worth $16,567,000 after acquiring an additional 10,319 shares during the period.

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.