iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw unusually-high trading volume on Thursday . Approximately 31,664 shares changed hands during mid-day trading, an increase of 47% from the previous session’s volume of 21,588 shares.The stock last traded at $74.32 and had previously closed at $74.14.

iShares Morningstar Mid-Cap Value ETF Trading Down 0.8 %

The firm has a market capitalization of $650.48 million, a P/E ratio of 16.67 and a beta of 1.08. The company has a 50 day simple moving average of $75.54 and a two-hundred day simple moving average of $76.29.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 18th were given a $0.4353 dividend. The ex-dividend date of this dividend was Tuesday, March 18th.

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

Institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its position in iShares Morningstar Mid-Cap Value ETF by 35.8% in the third quarter. FMR LLC now owns 3,993 shares of the company’s stock worth $306,000 after buying an additional 1,052 shares during the last quarter. Jane Street Group LLC purchased a new stake in iShares Morningstar Mid-Cap Value ETF in the third quarter worth $467,000. EP Wealth Advisors LLC purchased a new stake in iShares Morningstar Mid-Cap Value ETF in the third quarter worth $3,316,000. Park Avenue Securities LLC increased its stake in iShares Morningstar Mid-Cap Value ETF by 85.5% in the fourth quarter. Park Avenue Securities LLC now owns 4,919 shares of the company’s stock worth $365,000 after purchasing an additional 2,267 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in iShares Morningstar Mid-Cap Value ETF by 22.0% in the third 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 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.