iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sets New 52-Week High – What’s Next?

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $91.01 and last traded at $90.71, with a volume of 6007 shares traded. The stock had previously closed at $90.97.

iShares Morningstar Mid-Cap Value ETF Price Performance

The firm has a market capitalization of $1.04 billion, a PE ratio of 16.35 and a beta of 0.86. The stock’s 50-day moving average price is $87.96 and its 200 day moving average price is $85.76.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were issued a dividend of $0.3501 per share. This represents a $1.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, March 17th.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap Value ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in iShares Morningstar Mid-Cap Value ETF in the first quarter worth $26,000. Russell Investments Group Ltd. grew its holdings in iShares Morningstar Mid-Cap Value ETF by 394.4% in the fourth quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 280 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new position in iShares Morningstar Mid-Cap Value ETF in the fourth quarter worth $34,000. Wealth Watch Advisors INC purchased a new position in iShares Morningstar Mid-Cap Value ETF in the third quarter worth $35,000. Finally, GGM Financials LLC purchased a new position in iShares Morningstar Mid-Cap Value ETF in the third quarter worth $40,000.

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.