iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sets New 12-Month High at $76.29

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $76.29 and last traded at $76.21, with a volume of 6575 shares changing hands. The stock had previously closed at $75.87.

iShares Morningstar Mid-Cap Value ETF Stock Performance

The firm has a market capitalization of $641.86 million, a price-to-earnings ratio of 15.65 and a beta of 1.08. The company has a 50 day moving average price of $73.60 and a two-hundred day moving average price of $71.70.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IMCV. Principal Securities Inc. acquired a new position in iShares Morningstar Mid-Cap Value ETF during the fourth quarter worth about $42,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF during the second quarter worth $56,000. Beacon Capital Management LLC purchased a new position in iShares Morningstar Mid-Cap Value ETF during the 1st quarter valued at about $102,000. Geneos Wealth Management Inc. grew its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 2,759.8% in the first 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 in the last quarter. Finally, Transcend Capital Advisors LLC increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 5.2% during the second quarter. Transcend Capital Advisors LLC now owns 2,954 shares of the company’s stock worth $207,000 after acquiring an additional 147 shares during the period.

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.