iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Hits New 1-Year High – Here’s What Happened

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) hit a new 52-week high on Friday . The company traded as high as $79.85 and last traded at $79.78, with a volume of 1049 shares. The stock had previously closed at $79.64.

iShares Morningstar Mid-Cap Value ETF Price Performance

The company has a market capitalization of $674.57 million, a P/E ratio of 15.65 and a beta of 1.08. The firm has a fifty day moving average price of $77.12 and a 200-day moving average price of $73.95.

iShares Morningstar Mid-Cap Value ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were paid a $0.5452 dividend. The ex-dividend date was Wednesday, September 25th.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap Value ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EP Wealth Advisors LLC bought a new stake in iShares Morningstar Mid-Cap Value ETF in the third quarter worth about $3,316,000. Jane Street Group LLC purchased a new position in iShares Morningstar Mid-Cap Value ETF in the third quarter valued at approximately $467,000. Stifel Financial Corp lifted its stake in iShares Morningstar Mid-Cap Value ETF by 5.6% in the third quarter. Stifel Financial Corp now owns 40,934 shares of the company’s stock valued at $3,137,000 after purchasing an additional 2,185 shares during the last quarter. FMR LLC grew its holdings 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 valued at $306,000 after purchasing an additional 1,052 shares during the period. Finally, Jim Saulnier & Associates LLC purchased a new stake in iShares Morningstar Mid-Cap Value ETF in the third quarter worth $1,598,000.

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.