HighTower Advisors LLC Reduces Stock Position in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

HighTower Advisors LLC trimmed its holdings in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 6.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,305 shares of the company’s stock after selling 222 shares during the quarter. HighTower Advisors LLC’s holdings in iShares Morningstar Mid-Cap Value ETF were worth $255,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IMCV. FMR LLC lifted its holdings in iShares Morningstar Mid-Cap Value ETF by 35.8% during the 3rd quarter. FMR LLC now owns 3,993 shares of the company’s stock valued at $306,000 after buying an additional 1,052 shares in the last quarter. LaFleur & Godfrey LLC grew its stake in iShares Morningstar Mid-Cap Value ETF by 4.7% in the third quarter. LaFleur & Godfrey LLC now owns 7,807 shares of the company’s stock worth $598,000 after purchasing an additional 352 shares in the last quarter. Cetera Investment Advisers increased its holdings in iShares Morningstar Mid-Cap Value ETF by 6.4% during the 2nd quarter. Cetera Investment Advisers now owns 22,567 shares of the company’s stock worth $1,585,000 after purchasing an additional 1,351 shares during the period. International Assets Investment Management LLC purchased a new position in iShares Morningstar Mid-Cap Value ETF during the 3rd quarter worth $1,782,000. Finally, Private Advisor Group LLC lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 12.6% in the 3rd quarter. Private Advisor Group LLC now owns 3,956 shares of the company’s stock worth $303,000 after buying an additional 442 shares during the period.

iShares Morningstar Mid-Cap Value ETF Trading Up 0.7 %

Shares of iShares Morningstar Mid-Cap Value ETF stock opened at $75.01 on Wednesday. The stock’s fifty day moving average price is $77.85 and its 200-day moving average price is $74.91. The firm has a market cap of $630.08 million, a P/E ratio of 15.65 and a beta of 1.08. iShares Morningstar Mid-Cap Value ETF has a 12 month low of $65.23 and a 12 month high of $81.32.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.5157 per share. The ex-dividend date was Tuesday, December 17th.

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.