Sovran Advisors LLC Makes New Investment in iShares Morningstar Mid-Cap Value ETF $IMCV

Sovran Advisors LLC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) during the 2nd quarter, Holdings Channel reports. The firm acquired 24,024 shares of the company’s stock, valued at approximately $1,858,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of IMCV. Ameriprise Financial Inc. increased its holdings in iShares Morningstar Mid-Cap Value ETF by 20.8% during the 4th quarter. Ameriprise Financial Inc. now owns 62,756 shares of the company’s stock worth $4,660,000 after purchasing an additional 10,791 shares during the last quarter. Retirement Planning Group LLC increased its holdings in iShares Morningstar Mid-Cap Value ETF by 2.0% during the 4th quarter. Retirement Planning Group LLC now owns 19,106 shares of the company’s stock worth $1,419,000 after purchasing an additional 366 shares during the last quarter. Revisor Wealth Management LLC purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the 4th quarter worth approximately $226,000. Ameriflex Group Inc. purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the 4th quarter worth approximately $32,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in iShares Morningstar Mid-Cap Value ETF by 23.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,963 shares of the company’s stock worth $1,482,000 after purchasing an additional 3,801 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Up 0.7%

IMCV stock opened at $79.91 on Friday. The company has a market capitalization of $747.16 million, a PE ratio of 16.35 and a beta of 1.08. The stock’s 50 day moving average is $78.56 and its two-hundred day moving average is $75.09. iShares Morningstar Mid-Cap Value ETF has a 52-week low of $64.02 and a 52-week high of $81.32.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th will be given a $0.4212 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $1.68 annualized dividend and a dividend yield of 2.1%.

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.