iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sees Strong Trading Volume – What’s Next?

Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw strong trading volume on Friday . 30,570 shares changed hands during mid-day trading, an increase of 47% from the previous session’s volume of 20,745 shares.The stock last traded at $77.04 and had previously closed at $76.46.

iShares Morningstar Mid-Cap Value ETF Stock Up 0.5 %

The stock has a 50-day simple moving average of $77.01 and a two-hundred day simple moving average of $75.38. The firm has a market cap of $676.24 million, a PE ratio of 15.65 and a beta of 1.08.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a dividend of $0.5157 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

A number of hedge funds have recently bought and sold shares of IMCV. swisspartners Advisors Ltd bought a new position in iShares Morningstar Mid-Cap Value ETF during the third quarter valued at approximately $7,922,000. EP Wealth Advisors LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at $3,316,000. International Assets Investment Management LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at $1,782,000. Jim Saulnier & Associates LLC bought a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 3rd quarter valued at $1,598,000. Finally, Black Diamond Financial LLC raised its position in iShares Morningstar Mid-Cap Value ETF by 12.0% in the 3rd quarter. Black Diamond Financial LLC now owns 104,242 shares of the company’s stock worth $8,029,000 after purchasing an additional 11,151 shares during the period.

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.