iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sees Large Volume Increase – Here’s Why

Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw unusually-high trading volume on Friday . Approximately 30,570 shares were traded during trading, an increase of 47% from the previous session’s volume of 20,745 shares.The stock last traded at $77.04 and had previously closed at $76.46.

iShares Morningstar Mid-Cap Value ETF Stock Performance

The company has a market capitalization of $676.10 million, a price-to-earnings ratio of 15.65 and a beta of 1.08. The company has a 50-day moving average price of $76.97 and a 200-day moving average price of $75.47.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a $0.5157 dividend. The ex-dividend date was Tuesday, December 17th.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

A number of large investors have recently made changes to their positions in IMCV. FMR LLC grew its stake in iShares Morningstar Mid-Cap Value ETF by 35.8% in the third quarter. FMR LLC now owns 3,993 shares of the company’s stock valued at $306,000 after acquiring an additional 1,052 shares during the period. Jane Street Group LLC bought a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 3rd quarter valued at about $467,000. EP Wealth Advisors LLC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at approximately $3,316,000. Private Advisor Group LLC grew its position in shares of iShares Morningstar Mid-Cap Value ETF by 12.6% in the 3rd quarter. Private Advisor Group LLC now owns 3,956 shares of the company’s stock valued at $303,000 after purchasing an additional 442 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in iShares Morningstar Mid-Cap Value ETF during the 3rd quarter worth approximately $1,782,000.

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.