iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sets New 1-Year High – Still a Buy?

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $85.40 and last traded at $85.4250, with a volume of 770 shares traded. The stock had previously closed at $84.89.

iShares Morningstar Mid-Cap Value ETF Trading Up 0.4%

The firm has a market cap of $942.34 million, a P/E ratio of 16.35 and a beta of 0.96. The firm’s 50 day moving average is $81.91 and its two-hundred day moving average is $79.98.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

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

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Value ETF

Several institutional investors have recently bought and sold shares of IMCV. Wealth Watch Advisors INC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF in the third quarter valued at approximately $35,000. GGM Financials LLC bought a new stake in iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at $40,000. Assetmark Inc. grew its holdings in iShares Morningstar Mid-Cap Value ETF by 43.6% in the 3rd quarter. Assetmark Inc. now owns 692 shares of the company’s stock valued at $56,000 after buying an additional 210 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in iShares Morningstar Mid-Cap Value ETF during the 2nd quarter worth $58,000. Finally, PNC Financial Services Group Inc. increased its position in iShares Morningstar Mid-Cap Value ETF by 76.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,010 shares of the company’s stock worth $81,000 after buying an additional 437 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.