Raymond James Financial Inc. Purchases Shares of 298,735 iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Raymond James Financial Inc. purchased a new stake in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 298,735 shares of the company’s stock, valued at approximately $22,184,000. Raymond James Financial Inc. owned about 3.38% of iShares Morningstar Mid-Cap Value ETF as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in IMCV. Lebenthal Global Advisors LLC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 4th quarter valued at $3,908,000. EP Wealth Advisors LLC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 3rd quarter valued at $3,316,000. Jim Saulnier & Associates LLC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 3rd quarter valued at $1,598,000. DAVENPORT & Co LLC lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 74.8% during the 4th quarter. DAVENPORT & Co LLC now owns 26,448 shares of the company’s stock valued at $1,964,000 after acquiring an additional 11,315 shares in the last quarter. Finally, Black Diamond Financial LLC lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 8.8% during the 4th quarter. Black Diamond Financial LLC now owns 113,392 shares of the company’s stock valued at $8,420,000 after acquiring an additional 9,150 shares in the last quarter.

iShares Morningstar Mid-Cap Value ETF Trading Up 2.2 %

NASDAQ:IMCV opened at $73.47 on Friday. The firm’s fifty day simple moving average is $75.58 and its 200 day simple moving average is $76.35. The firm has a market capitalization of $650.21 million, a price-to-earnings ratio of 16.67 and a beta of 1.08. iShares Morningstar Mid-Cap Value ETF has a twelve month low of $68.12 and a twelve month high of $81.32.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a $0.5157 dividend. The ex-dividend date was Tuesday, December 17th.

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.