iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sets New 1-Year Low – Here’s Why

Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $67.65 and last traded at $67.68, with a volume of 17685 shares changing hands. The stock had previously closed at $71.22.

iShares Morningstar Mid-Cap Value ETF Stock Performance

The business’s 50 day moving average price is $74.93 and its 200-day moving average price is $76.19. The company has a market cap of $568.99 million, a price-to-earnings ratio of 16.61 and a beta of 1.08.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 18th were given a $0.4353 dividend. The ex-dividend date was Tuesday, March 18th.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

Institutional investors have recently bought and sold shares of the stock. FMR LLC raised its stake in iShares Morningstar Mid-Cap Value ETF by 35.8% during the third quarter. FMR LLC now owns 3,993 shares of the company’s stock worth $306,000 after acquiring an additional 1,052 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the 3rd quarter worth about $467,000. EP Wealth Advisors LLC bought a new position in iShares Morningstar Mid-Cap Value ETF during the 3rd quarter valued at about $3,316,000. Harbour Investments Inc. lifted its holdings in iShares Morningstar Mid-Cap Value ETF by 11.2% during the 4th quarter. Harbour Investments Inc. now owns 2,567 shares of the company’s stock valued at $191,000 after purchasing an additional 259 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its position in iShares Morningstar Mid-Cap Value ETF by 85.5% in the fourth quarter. Park Avenue Securities LLC now owns 4,919 shares of the company’s stock valued at $365,000 after buying an additional 2,267 shares in the last quarter.

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.