Fifth Third Bancorp Acquires New Holdings in iShares Morningstar Mid-Cap Value ETF $IMCV

Fifth Third Bancorp bought a new stake in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,447 shares of the company’s stock, valued at approximately $1,140,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. increased its holdings in shares of 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 worth $29,000 after buying an additional 280 shares in the last quarter. Godfrey Financial Associates Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the 4th quarter valued at $34,000. Wealth Watch Advisors INC acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the 3rd quarter valued at $35,000. Farther Finance Advisors LLC boosted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 523.2% during the 4th quarter. Farther Finance Advisors LLC now owns 698 shares of the company’s stock valued at $58,000 after acquiring an additional 586 shares in the last quarter. Finally, US Bancorp DE grew its position in iShares Morningstar Mid-Cap Value ETF by 128.3% during the 3rd quarter. US Bancorp DE now owns 1,153 shares of the company’s stock worth $93,000 after acquiring an additional 648 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Up 1.2%

Shares of IMCV opened at $95.06 on Friday. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $75.64 and a 12-month high of $95.46. The business has a 50-day simple moving average of $91.46 and a two-hundred day simple moving average of $88.33. The stock has a market cap of $1.14 billion, a PE ratio of 16.35 and a beta of 0.86.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

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

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.