Allegheny Financial Group Raises Stake in iShares Morningstar Mid-Cap Value ETF $IMCV

Allegheny Financial Group lifted its stake in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 93.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,279 shares of the company’s stock after purchasing an additional 6,416 shares during the quarter. Allegheny Financial Group’s holdings in iShares Morningstar Mid-Cap Value ETF were worth $1,126,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in IMCV. Russell Investments Group Ltd. lifted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 394.4% in the fourth quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 280 shares during the period. Godfrey Financial Associates Inc. purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the fourth quarter worth about $34,000. Wealth Watch Advisors INC acquired a new position in iShares Morningstar Mid-Cap Value ETF during the third quarter worth about $35,000. GGM Financials LLC acquired a new position in iShares Morningstar Mid-Cap Value ETF during the third quarter worth about $40,000. Finally, Assetmark Inc. increased its holdings in iShares Morningstar Mid-Cap Value ETF by 43.6% in the third quarter. Assetmark Inc. now owns 692 shares of the company’s stock valued at $56,000 after buying an additional 210 shares in the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of iShares Morningstar Mid-Cap Value ETF stock opened at $89.84 on Monday. The company has a 50-day moving average of $89.08 and a two-hundred day moving average of $86.55. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $74.19 and a 12-month high of $92.14. The stock has a market cap of $1.04 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. Investors of record on Monday, June 15th were issued a $0.418 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.67 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35.

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.