iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sets New 1-Year High – Still a Buy?

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $93.29 and last traded at $92.99, with a volume of 26053 shares changing hands. The stock had previously closed at $93.28.

iShares Morningstar Mid-Cap Value ETF Stock Down 1.0%

The firm has a 50-day moving average of $90.15 and a two-hundred day moving average of $87.43. The company has a market capitalization of $1.10 billion, a PE ratio of 16.35 and a beta of 0.86.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $0.418 dividend. This is a boost from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.67 annualized dividend and a dividend yield of 1.8%.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its position in iShares Morningstar Mid-Cap Value ETF by 3.2% in the first quarter. Royal Bank of Canada now owns 37,503 shares of the company’s stock valued at $2,783,000 after buying an additional 1,168 shares during the last quarter. Jane Street Group LLC raised its stake in shares of iShares Morningstar Mid-Cap Value ETF by 19.3% in the 1st quarter. Jane Street Group LLC now owns 4,265 shares of the company’s stock valued at $316,000 after acquiring an additional 691 shares during the period. JPMorgan Chase & Co. raised its stake in shares of iShares Morningstar Mid-Cap Value ETF by 95.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 18,151 shares of the company’s stock valued at $1,379,000 after acquiring an additional 8,884 shares during the period. Baird Financial Group Inc. raised its stake in shares of iShares Morningstar Mid-Cap Value ETF by 21.1% in the 2nd quarter. Baird Financial Group Inc. now owns 17,237 shares of the company’s stock valued at $1,310,000 after acquiring an additional 3,008 shares during the period. Finally, Diversify Advisory Services LLC lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 10.0% in the 2nd quarter. Diversify Advisory Services LLC now owns 16,776 shares of the company’s stock worth $1,308,000 after acquiring an additional 1,532 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.