Matrix Trust Co Purchases 1,254 Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Matrix Trust Co lifted its position in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 225,366 shares of the company’s stock after purchasing an additional 1,254 shares during the period. iShares Morningstar Mid-Cap Value ETF accounts for 3.6% of Matrix Trust Co’s portfolio, making the stock its 9th largest holding. Matrix Trust Co owned 2.61% of iShares Morningstar Mid-Cap Value ETF worth $15,262,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of IMCV. Arlington Financial Advisors LLC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 4th quarter worth about $12,671,000. Orgel Wealth Management LLC boosted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 12.5% during the 3rd quarter. Orgel Wealth Management LLC now owns 325,949 shares of the company’s stock worth $19,749,000 after buying an additional 36,277 shares during the period. Raymond James & Associates boosted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 35.0% during the 4th quarter. Raymond James & Associates now owns 92,597 shares of the company’s stock worth $6,271,000 after buying an additional 23,984 shares during the period. Aire Advisors LLC boosted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 34.2% during the 4th quarter. Aire Advisors LLC now owns 38,375 shares of the company’s stock worth $2,599,000 after buying an additional 9,784 shares during the period. Finally, Mariner LLC boosted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 20.7% during the 3rd quarter. Mariner LLC now owns 51,778 shares of the company’s stock worth $3,137,000 after buying an additional 8,864 shares during the period.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of IMCV stock traded down $0.07 during midday trading on Friday, hitting $70.01. 8,678 shares of the company were exchanged, compared to its average volume of 28,713. The firm has a market capitalization of $602.09 million, a P/E ratio of 15.13 and a beta of 1.08. The firm’s 50 day moving average price is $70.04 and its two-hundred day moving average price is $66.23. iShares Morningstar Mid-Cap Value ETF has a 52 week low of $57.34 and a 52 week high of $72.64.

iShares Morningstar Mid-Cap Value ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were issued a dividend of $0.3268 per share. This represents a $1.31 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Thursday, March 21st.

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.