iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sets New 1-Year High – Still a Buy?

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) shares reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $100.38 and last traded at $99.87, with a volume of 3,509 shares. The stock had previously closed at $99.62.

iShares Morningstar Mid-Cap Value ETF Trading Up 1.5%

The business has a fifty day moving average of $95.82 and a 200 day moving average of $91.25. The company has a market capitalization of $1.29 billion, a PE ratio of 16.35 and a beta of 0.87.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.5179 per share. This is a boost from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.4180. This represents a $2.07 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IMCV. Flagship Harbor Advisors LLC lifted its stake in iShares Morningstar Mid-Cap Value ETF by 1.8% in the third quarter. Flagship Harbor Advisors LLC now owns 7,639 shares of the company’s stock worth $701,000 after acquiring an additional 136 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 1st quarter valued at approximately $26,000. Mather Group LLC. purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at approximately $37,000. Integrated Wealth Concepts LLC raised its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 7.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 5,508 shares of the company’s stock valued at $503,000 after purchasing an additional 401 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 1st quarter valued at $53,000.

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.