iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Reaches New 52-Week High – Here’s Why

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $82.86 and last traded at $83.2050, with a volume of 13403 shares. The stock had previously closed at $81.77.

iShares Morningstar Mid-Cap Value ETF Stock Down 0.6%

The stock has a market cap of $904.02 million, a price-to-earnings ratio of 16.35 and a beta of 0.96. The stock has a 50 day simple moving average of $80.30 and a 200 day simple moving average of $78.50.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were paid a dividend of $0.4212 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, September 16th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Wealth Watch Advisors INC acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 3rd quarter worth about $35,000. GGM Financials LLC bought a new stake in iShares Morningstar Mid-Cap Value ETF during the 3rd quarter worth approximately $40,000. Assetmark Inc. raised its stake in shares of iShares Morningstar Mid-Cap Value ETF by 43.6% in the third 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. Ameritas Advisory Services LLC bought a new position in shares of iShares Morningstar Mid-Cap Value ETF in the second quarter valued at approximately $58,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of iShares Morningstar Mid-Cap Value ETF by 76.3% during the third quarter. PNC Financial Services Group Inc. now owns 1,010 shares of the company’s stock valued at $81,000 after buying an additional 437 shares during the last quarter.

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.