iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sees Strong Trading Volume

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw unusually-strong trading volume on Monday . Approximately 71,916 shares changed hands during trading, an increase of 141% from the previous session’s volume of 29,880 shares.The stock last traded at $68.78 and had previously closed at $69.39.

iShares Morningstar Mid-Cap Value ETF Trading Up 0.3 %

The firm has a market cap of $588.41 million, a PE ratio of 14.20 and a beta of 1.08. The company’s 50 day moving average price is $69.66 and its two-hundred day moving average price is $65.77.

iShares Morningstar Mid-Cap Value ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were given a dividend of $0.3268 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.31 annualized dividend and a yield of 1.91%.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Aire Advisors LLC grew its stake in shares of iShares Morningstar Mid-Cap Value ETF by 34.2% during the 4th quarter. Aire Advisors LLC now owns 38,375 shares of the company’s stock valued at $2,599,000 after acquiring an additional 9,784 shares during the period. UBS Group AG boosted its position in shares of iShares Morningstar Mid-Cap Value ETF by 8.4% in the third quarter. UBS Group AG now owns 107,494 shares of the company’s stock worth $6,513,000 after purchasing an additional 8,368 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of iShares Morningstar Mid-Cap Value ETF by 10.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 55,130 shares of the company’s stock worth $3,733,000 after purchasing an additional 5,025 shares during the period. Raymond James & Associates increased its stake in shares of iShares Morningstar Mid-Cap Value ETF by 35.0% in the fourth quarter. Raymond James & Associates now owns 92,597 shares of the company’s stock worth $6,271,000 after purchasing an additional 23,984 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC raised its position in shares of iShares Morningstar Mid-Cap Value ETF by 4.8% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 4,065 shares of the company’s stock valued at $246,000 after purchasing an additional 188 shares during the period.

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.