iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Hits New 52-Week High at $76.00

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $76.00 and last traded at $76.00, with a volume of 29298 shares trading hands. The stock had previously closed at $75.32.

iShares Morningstar Mid-Cap Value ETF Stock Performance

The business’s fifty day moving average price is $72.32 and its 200-day moving average price is $71.01. The stock has a market cap of $642.20 million, a PE ratio of 15.65 and a beta of 1.08.

iShares Morningstar Mid-Cap Value ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were issued a $0.3668 dividend. This represents a $1.47 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Tuesday, June 11th.

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Value ETF

A number of hedge funds have recently added to or reduced their stakes in IMCV. Principal Securities Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 4th quarter worth $42,000. Ashton Thomas Private Wealth LLC purchased a new position in iShares Morningstar Mid-Cap Value ETF in the second quarter worth about $56,000. Beacon Capital Management LLC bought a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the 1st quarter valued at about $102,000. Geneos Wealth Management Inc. increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 2,759.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,631 shares of the company’s stock valued at $191,000 after purchasing an additional 2,539 shares during the last quarter. Finally, Transcend Capital Advisors LLC lifted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 5.2% in the 2nd quarter. Transcend Capital Advisors LLC now owns 2,954 shares of the company’s stock worth $207,000 after purchasing an additional 147 shares during the period.

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.