Assetmark Inc. Sells 2,869 Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Assetmark Inc. lessened its holdings in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 87.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 401 shares of the company’s stock after selling 2,869 shares during the period. Assetmark Inc.’s holdings in iShares Morningstar Mid-Cap Value ETF were worth $30,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in iShares Morningstar Mid-Cap Value ETF in the 4th quarter valued at $22,184,000. Focus Partners Wealth lifted its position in iShares Morningstar Mid-Cap Value ETF by 2,220.8% during the 4th quarter. Focus Partners Wealth now owns 305,677 shares of the company’s stock valued at $22,700,000 after purchasing an additional 292,506 shares during the period. Black Diamond Financial LLC boosted its position in shares of iShares Morningstar Mid-Cap Value ETF by 11.2% in the 1st quarter. Black Diamond Financial LLC now owns 126,111 shares of the company’s stock worth $9,356,000 after purchasing an additional 12,719 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in iShares Morningstar Mid-Cap Value ETF by 20.8% during the 4th quarter. Ameriprise Financial Inc. now owns 62,756 shares of the company’s stock worth $4,660,000 after acquiring an additional 10,791 shares during the last quarter. Finally, Rodgers & Associates LTD lifted its holdings in iShares Morningstar Mid-Cap Value ETF by 10.2% during the first quarter. Rodgers & Associates LTD now owns 94,180 shares of the company’s stock worth $6,987,000 after acquiring an additional 8,737 shares in the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Up 0.1%

Shares of IMCV stock opened at $77.34 on Wednesday. The company has a market capitalization of $723.13 million, a price-to-earnings ratio of 16.35 and a beta of 1.08. The firm has a fifty day moving average of $76.20 and a 200-day moving average of $74.47. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $64.02 and a 12-month high of $81.32.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 16th were issued a dividend of $0.4384 per share. The ex-dividend date was Monday, June 16th. This is a boost from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.37. This represents a $1.75 annualized dividend and a yield of 2.3%.

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.