iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sees Strong Trading Volume – Still a Buy?

Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw unusually-strong trading volume on Tuesday . Approximately 27,062 shares were traded during mid-day trading, an increase of 19% from the previous session’s volume of 22,816 shares.The stock last traded at $76.92 and had previously closed at $77.18.

iShares Morningstar Mid-Cap Value ETF Trading Down 1.0 %

The company has a market cap of $677.39 million, a PE ratio of 15.65 and a beta of 1.08. The business has a fifty day moving average of $76.78 and a 200-day moving average of $75.80.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

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

Institutional Trading of iShares Morningstar Mid-Cap Value ETF

A number of institutional investors and hedge funds have recently modified their holdings of IMCV. Black Diamond Financial LLC increased its holdings in iShares Morningstar Mid-Cap Value ETF by 12.0% during the third quarter. Black Diamond Financial LLC now owns 104,242 shares of the company’s stock valued at $8,029,000 after buying an additional 11,151 shares during the last quarter. swisspartners Advisors Ltd bought a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the third quarter valued at approximately $7,922,000. Rodgers & Associates LTD lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 7.4% in the fourth quarter. Rodgers & Associates LTD now owns 85,443 shares of the company’s stock worth $6,345,000 after buying an additional 5,868 shares in the last quarter. Marietta Wealth Management LLC boosted its position in shares of iShares Morningstar Mid-Cap Value ETF by 2.4% during the fourth quarter. Marietta Wealth Management LLC now owns 73,906 shares of the company’s stock worth $5,488,000 after acquiring an additional 1,718 shares during the last quarter. Finally, Lebenthal Global Advisors LLC bought a new stake in iShares Morningstar Mid-Cap Value ETF in the 4th quarter valued at $3,908,000.

About iShares Morningstar Mid-Cap Value ETF

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.