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

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) reached a new 52-week high on Friday . The company traded as high as $89.74 and last traded at $89.33, with a volume of 1627 shares changing hands. The stock had previously closed at $88.19.

iShares Morningstar Mid-Cap Value ETF Price Performance

The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 16.35 and a beta of 0.90. The stock has a fifty day moving average of $86.57 and a two-hundred day moving average of $84.17.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were given a dividend of $0.3501 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $1.40 dividend on an annualized basis and a yield of 1.6%.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

A number of institutional investors have recently bought and sold shares of IMCV. Royal Bank of Canada boosted its position in iShares Morningstar Mid-Cap Value ETF by 3.2% during the first quarter. Royal Bank of Canada now owns 37,503 shares of the company’s stock valued at $2,783,000 after acquiring an additional 1,168 shares during the last quarter. Jane Street Group LLC boosted its position in iShares Morningstar Mid-Cap Value ETF by 19.3% during the first quarter. Jane Street Group LLC now owns 4,265 shares of the company’s stock valued at $316,000 after acquiring an additional 691 shares during the last quarter. JPMorgan Chase & Co. boosted its position in iShares Morningstar Mid-Cap Value ETF by 95.9% during the second quarter. JPMorgan Chase & Co. now owns 18,151 shares of the company’s stock valued at $1,379,000 after acquiring an additional 8,884 shares during the last quarter. Baird Financial Group Inc. boosted its position in iShares Morningstar Mid-Cap Value ETF by 21.1% during the second quarter. Baird Financial Group Inc. now owns 17,237 shares of the company’s stock valued at $1,310,000 after acquiring an additional 3,008 shares during the last quarter. Finally, Diversify Advisory Services LLC boosted its position in iShares Morningstar Mid-Cap Value ETF by 10.0% during the second quarter. Diversify Advisory Services LLC now owns 16,776 shares of the company’s stock valued at $1,308,000 after acquiring an additional 1,532 shares during the last quarter.

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.