iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Reaches New 1-Year High – Time to Buy?

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $92.46 and last traded at $92.43, with a volume of 9661 shares traded. The stock had previously closed at $91.38.

iShares Morningstar Mid-Cap Value ETF Stock Up 0.9%

The stock has a market capitalization of $1.06 billion, a P/E ratio of 16.35 and a beta of 0.86. The business has a 50-day simple moving average of $89.62 and a two-hundred day simple moving average of $87.00.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a dividend of $0.418 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35. This represents a $1.67 annualized dividend and a dividend yield of 1.8%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Merit Financial Group LLC grew its holdings in iShares Morningstar Mid-Cap Value ETF by 0.5% during the 3rd quarter. Merit Financial Group LLC now owns 27,593 shares of the company’s stock worth $2,217,000 after acquiring an additional 143 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in iShares Morningstar Mid-Cap Value ETF by 394.4% in the fourth quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 280 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 1st quarter valued at about $26,000. PCA Investment Advisory Services Inc. raised its holdings in iShares Morningstar Mid-Cap Value ETF by 2.3% in the fourth quarter. PCA Investment Advisory Services Inc. now owns 13,837 shares of the company’s stock worth $1,139,000 after purchasing an additional 313 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in iShares Morningstar Mid-Cap Value ETF by 18.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,317 shares of the company’s stock worth $175,000 after buying an additional 367 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.