Park Avenue Securities LLC Acquires 2,267 Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Park Avenue Securities LLC increased its holdings in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 85.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,919 shares of the company’s stock after buying an additional 2,267 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares Morningstar Mid-Cap Value ETF were worth $365,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AE Wealth Management LLC bought a new stake in iShares Morningstar Mid-Cap Value ETF in the second quarter valued at $226,000. Oakworth Capital Inc. bought a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the 3rd quarter worth about $263,000. JPMorgan Chase & Co. grew its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 22.0% in the 3rd 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 last quarter. Private Advisor Group LLC increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 12.6% during the 3rd quarter. Private Advisor Group LLC now owns 3,956 shares of the company’s stock worth $303,000 after purchasing an additional 442 shares in the last quarter. Finally, FMR LLC boosted 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 valued at $306,000 after buying an additional 1,052 shares in the last quarter.

iShares Morningstar Mid-Cap Value ETF Trading Up 0.2 %

NASDAQ IMCV opened at $77.18 on Friday. iShares Morningstar Mid-Cap Value ETF has a 1-year low of $65.67 and a 1-year high of $81.32. The company has a 50 day moving average of $76.81 and a 200-day moving average of $75.68. The firm has a market cap of $683.04 million, a price-to-earnings ratio of 15.65 and a beta of 1.08.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The firm also recently declared 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.

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.