iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Hits New 12-Month High – Still a Buy?

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $93.29 and last traded at $92.99, with a volume of 26053 shares changing hands. The stock had previously closed at $93.28.

iShares Morningstar Mid-Cap Value ETF Trading Down 0.3%

The firm has a 50-day simple moving average of $89.96 and a two-hundred day simple moving average of $87.27. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 16.35 and a beta of 0.86.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $0.418 dividend. This is a boost from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.67 annualized dividend and a dividend yield of 1.8%.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IMCV. International Assets Investment Management LLC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 1st quarter valued at $26,000. Russell Investments Group Ltd. grew its position in iShares Morningstar Mid-Cap Value ETF by 394.4% during the fourth quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock valued at $29,000 after buying an additional 280 shares during the period. Godfrey Financial Associates Inc. purchased a new position in iShares Morningstar Mid-Cap Value ETF in the fourth quarter valued at $34,000. Wealth Watch Advisors INC purchased a new position in iShares Morningstar Mid-Cap Value ETF in the third quarter valued at $35,000. Finally, Bessemer Group Inc. acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF in the first quarter worth about $53,000.

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.