iShares Morningstar Mid-Cap Value ETF $IMCV Holdings Raised by Bedel Financial Consulting Inc.

Bedel Financial Consulting Inc. raised its stake in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 8.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,837 shares of the company’s stock after buying an additional 6,171 shares during the period. iShares Morningstar Mid-Cap Value ETF comprises about 0.8% of Bedel Financial Consulting Inc.’s investment portfolio, making the stock its 18th biggest holding. Bedel Financial Consulting Inc.’s holdings in iShares Morningstar Mid-Cap Value ETF were worth $6,576,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Assetmark Inc. boosted its position in iShares Morningstar Mid-Cap Value ETF by 43.6% during the third quarter. Assetmark Inc. now owns 692 shares of the company’s stock valued at $56,000 after purchasing an additional 210 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of iShares Morningstar Mid-Cap Value ETF by 76.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,010 shares of the company’s stock worth $81,000 after purchasing an additional 437 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 18.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,317 shares of the company’s stock valued at $175,000 after buying an additional 367 shares during the last quarter. Portland Financial Advisors Inc acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the 3rd quarter valued at about $209,000. Finally, 5T Wealth LLC bought a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at approximately $212,000.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of IMCV opened at $88.95 on Tuesday. The firm has a market cap of $991.79 million, a PE ratio of 16.35 and a beta of 0.96. The firm’s 50 day moving average price is $84.81 and its 200 day moving average price is $81.47. iShares Morningstar Mid-Cap Value ETF has a twelve month low of $64.02 and a twelve month high of $89.61.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.5403 per share. The ex-dividend date was Tuesday, December 16th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42.

iShares Morningstar Mid-Cap Value ETF 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.