iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Reaches New 12-Month High – Still a Buy?

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) shares reached a new 52-week high on Monday . The stock traded as high as $77.13 and last traded at $77.12, with a volume of 7011 shares changing hands. The stock had previously closed at $76.76.

iShares Morningstar Mid-Cap Value ETF Stock Up 0.8 %

The company has a market cap of $649.82 million, a P/E ratio of 15.65 and a beta of 1.08. The company’s 50-day moving average is $74.76 and its two-hundred day moving average is $72.43.

iShares Morningstar Mid-Cap Value ETF Announces Dividend

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

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IMCV. Diversify Advisory Services LLC bought a new position in iShares Morningstar Mid-Cap Value ETF during the first quarter worth about $1,604,000. Geneos Wealth Management Inc. boosted its position 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 acquiring an additional 2,539 shares during the period. Bedel Financial Consulting Inc. boosted its position in shares of iShares Morningstar Mid-Cap Value ETF by 2.9% in the first quarter. Bedel Financial Consulting Inc. now owns 61,356 shares of the company’s stock valued at $4,451,000 after acquiring an additional 1,709 shares during the period. Osaic Holdings Inc. boosted its position in shares of iShares Morningstar Mid-Cap Value ETF by 38.4% in the first quarter. Osaic Holdings Inc. now owns 130,491 shares of the company’s stock valued at $9,467,000 after acquiring an additional 36,208 shares during the period. Finally, LRI Investments LLC bought a new position in shares of iShares Morningstar Mid-Cap Value ETF in the first quarter valued at approximately $1,636,000.

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.