Steele Capital Management Inc. Acquires New Stake in iShares Morningstar Mid-Cap Value ETF $IMCV

Steele Capital Management Inc. acquired a new stake in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 210,165 shares of the company’s stock, valued at approximately $19,283,000. iShares Morningstar Mid-Cap Value ETF accounts for approximately 0.7% of Steele Capital Management Inc.’s portfolio, making the stock its 29th biggest holding. Steele Capital Management Inc. owned about 1.64% of iShares Morningstar Mid-Cap Value ETF at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IMCV. Kestra Advisory Services LLC raised its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 200.1% in the first quarter. Kestra Advisory Services LLC now owns 25,306 shares of the company’s stock valued at $2,146,000 after buying an additional 16,874 shares during the last quarter. Sentinel Advisory Group LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the first quarter worth about $866,000. Diversify Wealth Management LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the first quarter worth about $1,985,000. Black Diamond Financial LLC grew its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 8.6% during the third quarter. Black Diamond Financial LLC now owns 266,709 shares of the company’s stock worth $24,470,000 after buying an additional 21,097 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 13.9% during the first quarter. Cetera Investment Advisers now owns 109,815 shares of the company’s stock worth $9,311,000 after buying an additional 13,385 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Down 2.2%

Shares of IMCV stock opened at $98.46 on Friday. The stock has a market capitalization of $1.27 billion, a PE ratio of 16.35 and a beta of 0.86. iShares Morningstar Mid-Cap Value ETF has a 52-week low of $77.65 and a 52-week high of $101.38. The stock’s 50-day moving average price is $95.88 and its 200 day moving average price is $91.39.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.5179 per share. This represents a $2.07 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.4180.

iShares Morningstar Mid-Cap Value ETF 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.