Park Avenue Securities LLC Purchases 16,336 Shares of iShares Morningstar Mid-Cap Value ETF $IMCV

Park Avenue Securities LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 16,336 shares of the company’s stock, valued at approximately $1,499,000. Park Avenue Securities LLC owned 0.13% of iShares Morningstar Mid-Cap Value ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IMCV. Kestra Advisory Services LLC increased its position in iShares Morningstar Mid-Cap Value ETF by 200.1% during the first quarter. Kestra Advisory Services LLC now owns 25,306 shares of the company’s stock valued at $2,146,000 after acquiring an additional 16,874 shares during the last quarter. Sentinel Advisory Group LLC bought a new position in iShares Morningstar Mid-Cap Value ETF in the first quarter valued at about $866,000. Diversify Wealth Management LLC bought a new position in iShares Morningstar Mid-Cap Value ETF in the first quarter valued at about $1,985,000. Cetera Investment Advisers boosted its position in iShares Morningstar Mid-Cap Value ETF by 13.9% in the first quarter. Cetera Investment Advisers now owns 109,815 shares of the company’s stock worth $9,311,000 after purchasing an additional 13,385 shares during the last quarter. Finally, Bedel Financial Consulting Inc. boosted its position in iShares Morningstar Mid-Cap Value ETF by 7.1% in the second quarter. Bedel Financial Consulting Inc. now owns 97,819 shares of the company’s stock worth $8,938,000 after purchasing an additional 6,495 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of NASDAQ:IMCV opened at $99.15 on Monday. The stock’s 50-day simple moving average is $95.79 and its two-hundred day simple moving average is $91.11. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 16.35 and a beta of 0.87. iShares Morningstar Mid-Cap Value ETF has a 52-week low of $77.65 and a 52-week high of $99.75.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were paid a $0.5179 dividend. This is a boost from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.4180. The ex-dividend date was Tuesday, September 15th. This represents a $2.07 annualized dividend and a dividend yield of 2.1%.

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.