iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Reaches New 12-Month High – Here’s What Happened

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) hit a new 52-week high during trading on Wednesday . The stock traded as high as $98.54 and last traded at $98.39, with a volume of 5922 shares traded. The stock had previously closed at $97.60.

iShares Morningstar Mid-Cap Value ETF Trading Up 1.1%

The stock has a market capitalization of $1.18 billion, a PE ratio of 16.35 and a beta of 0.86. The business has a fifty day moving average price of $93.89 and a 200-day moving average price of $89.76.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $0.418 per share. This represents a $1.67 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, June 15th. This is a positive change from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Value ETF

Large investors have recently added to or reduced their stakes in the company. Compass Financial Management LLC bought a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 2nd quarter worth approximately $33,000. Trust Co. of Vermont purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 2nd quarter worth approximately $55,000. International Assets Investment Management LLC bought a new position in iShares Morningstar Mid-Cap Value ETF in the 1st quarter worth about $26,000. Russell Investments Group Ltd. boosted its stake in iShares Morningstar Mid-Cap Value ETF by 394.4% during the 4th 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. Finally, Godfrey Financial Associates Inc. purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the fourth quarter valued at approximately $34,000.

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.