iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sets New 52-Week High – Time to Buy?

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)’s stock price reached a new 52-week high on Friday . The company traded as high as $91.01 and last traded at $90.71, with a volume of 6007 shares traded. The stock had previously closed at $90.97.

iShares Morningstar Mid-Cap Value ETF Stock Performance

The company has a market capitalization of $1.05 billion, a PE ratio of 16.35 and a beta of 0.86. The stock’s fifty day simple moving average is $87.84 and its 200-day simple moving average is $85.72.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were issued a dividend of $0.3501 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, March 17th.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IMCV. International Assets Investment Management LLC acquired a new stake in iShares Morningstar Mid-Cap Value ETF during the 1st quarter worth approximately $26,000. Russell Investments Group Ltd. lifted its stake in iShares Morningstar Mid-Cap Value ETF by 394.4% during the fourth quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 280 shares during the last quarter. Godfrey Financial Associates Inc. bought a new position in iShares Morningstar Mid-Cap Value ETF during the fourth quarter worth $34,000. Wealth Watch Advisors INC bought a new position in iShares Morningstar Mid-Cap Value ETF during the third quarter worth $35,000. Finally, GGM Financials LLC bought a new position in iShares Morningstar Mid-Cap Value ETF during the third quarter worth $40,000.

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.