LPL Financial LLC Cuts Stock Position in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

LPL Financial LLC decreased its holdings in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 157,764 shares of the company’s stock after selling 5,601 shares during the quarter. LPL Financial LLC’s holdings in iShares Morningstar Mid-Cap Value ETF were worth $11,716,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of IMCV. FMR LLC raised its position in shares of 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. Stifel Financial Corp increased its stake in iShares Morningstar Mid-Cap Value ETF by 5.6% during the third quarter. Stifel Financial Corp now owns 40,934 shares of the company’s stock worth $3,137,000 after acquiring an additional 2,185 shares during the last quarter. Jane Street Group LLC purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the third quarter valued at approximately $467,000. EP Wealth Advisors LLC bought a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at approximately $3,316,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 22.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,721 shares of the company’s stock worth $285,000 after purchasing an additional 670 shares during the period.

iShares Morningstar Mid-Cap Value ETF Stock Performance

NASDAQ IMCV opened at $74.90 on Thursday. The company has a market cap of $662.87 million, a P/E ratio of 16.61 and a beta of 1.08. The business’s 50 day moving average price is $75.25 and its 200-day moving average price is $76.29. iShares Morningstar Mid-Cap Value ETF has a fifty-two week low of $68.12 and a fifty-two week high of $81.32.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were paid a $0.4353 dividend. The ex-dividend date of this dividend was Tuesday, March 18th.

iShares Morningstar Mid-Cap Value ETF 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.