Brand Asset Management Group Inc. Purchases New Holdings in iShares Morningstar Mid-Cap Value ETF $IMCV

Brand Asset Management Group Inc. acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,053 shares of the company’s stock, valued at approximately $808,000. Brand Asset Management Group Inc. owned approximately 0.09% of iShares Morningstar Mid-Cap Value ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. GGM Financials LLC bought a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the third quarter worth $40,000. Assetmark Inc. raised its holdings in iShares Morningstar Mid-Cap Value ETF by 43.6% during the 3rd quarter. Assetmark Inc. now owns 692 shares of the company’s stock worth $56,000 after purchasing an additional 210 shares during the last quarter. PNC Financial Services Group Inc. lifted 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 valued at $81,000 after purchasing an additional 437 shares during the period. US Bancorp DE lifted its position in iShares Morningstar Mid-Cap Value ETF by 128.3% during the 3rd quarter. US Bancorp DE now owns 1,153 shares of the company’s stock valued at $93,000 after purchasing an additional 648 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 18.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,317 shares of the company’s stock valued at $175,000 after purchasing an additional 367 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Price Performance

Shares of NASDAQ:IMCV opened at $89.26 on Friday. The stock has a market cap of $995.25 million, a price-to-earnings ratio of 16.35 and a beta of 0.96. The company has a 50 day moving average of $85.91 and a 200-day moving average of $82.15. iShares Morningstar Mid-Cap Value ETF has a one year low of $64.02 and a one year high of $89.61.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.5403 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $2.16 dividend on an annualized basis and a yield of 2.4%. This is a boost from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42.

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.