iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Plans Dividend Increase – $0.52 Per Share

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) announced a quarterly dividend on Monday, September 14th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.5179 per share on Friday, September 18th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 23.9% increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42.

iShares Morningstar Mid-Cap Value ETF Stock Performance

iShares Morningstar Mid-Cap Value ETF stock opened at $96.24 on Tuesday. iShares Morningstar Mid-Cap Value ETF has a fifty-two week low of $77.65 and a fifty-two week high of $99.01. The stock’s 50 day simple moving average is $96.18 and its two-hundred day simple moving average is $91.03. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 16.35 and a beta of 0.86.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Value ETF

Several hedge funds have recently made changes to their positions in the company. Matrix Trust Co lifted its position in iShares Morningstar Mid-Cap Value ETF by 1.2% during the second quarter. Matrix Trust Co now owns 209,721 shares of the company’s stock valued at $19,164,000 after buying an additional 2,402 shares during the period. Rodgers & Associates LTD boosted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 0.7% during the 2nd quarter. Rodgers & Associates LTD now owns 120,448 shares of the company’s stock valued at $11,006,000 after buying an additional 795 shares in the last quarter. Cetera Investment Advisers grew its position in shares of iShares Morningstar Mid-Cap Value ETF by 13.9% in the 1st quarter. Cetera Investment Advisers now owns 109,815 shares of the company’s stock worth $9,311,000 after buying an additional 13,385 shares during the period. Bedel Financial Consulting Inc. grew its position in shares of iShares Morningstar Mid-Cap Value ETF by 7.1% in the 2nd quarter. Bedel Financial Consulting Inc. now owns 97,819 shares of the company’s stock worth $8,938,000 after buying an additional 6,495 shares during the period. Finally, Royal Bank of Canada grew its position in shares of iShares Morningstar Mid-Cap Value ETF by 4.4% in the 1st quarter. Royal Bank of Canada now owns 97,441 shares of the company’s stock worth $8,262,000 after buying an additional 4,110 shares during the period.

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.