Trust Co. of Vermont Makes New Investment in iShares Morningstar Mid-Cap Value ETF $IMCV

Trust Co. of Vermont bought a new position in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,717 shares of the company’s stock, valued at approximately $1,722,000.

Other institutional investors have also recently modified their holdings of the company. Matrix Trust Co increased its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 1.2% during the second quarter. Matrix Trust Co now owns 209,721 shares of the company’s stock valued at $19,164,000 after acquiring an additional 2,402 shares in the last quarter. Dynamic Advisor Solutions LLC grew its position in iShares Morningstar Mid-Cap Value ETF by 3.6% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 28,581 shares of the company’s stock valued at $2,612,000 after purchasing an additional 981 shares during the last quarter. Western Wealth Management LLC purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the 1st quarter valued at about $132,000. Ipsen Advisor Group LLC increased its stake in iShares Morningstar Mid-Cap Value ETF by 1.5% during the 1st quarter. Ipsen Advisor Group LLC now owns 84,934 shares of the company’s stock valued at $7,201,000 after purchasing an additional 1,277 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in iShares Morningstar Mid-Cap Value ETF by 4.4% during the 1st quarter. Royal Bank of Canada now owns 97,441 shares of the company’s stock valued at $8,262,000 after purchasing an additional 4,110 shares in the last quarter.

iShares Morningstar Mid-Cap Value ETF Price Performance

NASDAQ:IMCV opened at $97.54 on Wednesday. The company’s 50 day moving average price is $93.89 and its 200-day moving average price is $89.76. iShares Morningstar Mid-Cap Value ETF has a 52 week low of $77.65 and a 52 week high of $98.46. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 16.35 and a beta of 0.86.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given 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 yield of 1.7%.

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.