iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Reaches New 12-Month High at $74.76

Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $74.76 and last traded at $74.76, with a volume of 6544 shares trading hands. The stock had previously closed at $74.19.

iShares Morningstar Mid-Cap Value ETF Stock Performance

The firm has a market cap of $627.50 million, a P/E ratio of 15.65 and a beta of 1.08. The stock has a fifty day simple moving average of $71.32 and a 200 day simple moving average of $70.07.

iShares Morningstar Mid-Cap Value ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were given a $0.3668 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $1.47 annualized dividend and a yield of 1.98%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IMCV. Principal Securities Inc. purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the fourth quarter valued at approximately $42,000. Beacon Capital Management LLC bought a new position in shares of iShares Morningstar Mid-Cap Value ETF during the first quarter valued at approximately $102,000. Geneos Wealth Management Inc. boosted its position in iShares Morningstar Mid-Cap Value ETF by 2,759.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,631 shares of the company’s stock valued at $191,000 after acquiring an additional 2,539 shares in the last quarter. Transcend Capital Advisors LLC grew its stake in iShares Morningstar Mid-Cap Value ETF by 5.2% in the second quarter. Transcend Capital Advisors LLC now owns 2,954 shares of the company’s stock valued at $207,000 after purchasing an additional 147 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 1st quarter worth approximately $220,000.

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.