DAVENPORT & Co LLC Has $5.05 Million Position in iShares Morningstar Mid-Cap Value ETF $IMCV

DAVENPORT & Co LLC grew its holdings in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 19.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,845 shares of the company’s stock after acquiring an additional 10,323 shares during the quarter. DAVENPORT & Co LLC owned 0.59% of iShares Morningstar Mid-Cap Value ETF worth $5,050,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF in the 2nd quarter valued at approximately $58,000. Smartleaf Asset Management LLC increased its stake in shares of iShares Morningstar Mid-Cap Value ETF by 27.6% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,950 shares of the company’s stock valued at $143,000 after acquiring an additional 422 shares in the last quarter. D.A. Davidson & CO. acquired a new position in iShares Morningstar Mid-Cap Value ETF during the 2nd quarter worth approximately $243,000. GWN Securities Inc. raised its holdings in iShares Morningstar Mid-Cap Value ETF by 11.8% during the second quarter. GWN Securities Inc. now owns 4,092 shares of the company’s stock worth $312,000 after buying an additional 431 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in iShares Morningstar Mid-Cap Value ETF by 19.3% during the 1st quarter. Jane Street Group LLC now owns 4,265 shares of the company’s stock valued at $316,000 after purchasing an additional 691 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Trading Up 0.4%

NASDAQ IMCV opened at $83.23 on Friday. The business has a fifty day simple moving average of $80.91 and a 200 day simple moving average of $79.11. iShares Morningstar Mid-Cap Value ETF has a 12 month low of $64.02 and a 12 month high of $84.14. The firm has a market capitalization of $902.99 million, a P/E ratio of 16.35 and a beta of 0.96.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a $0.5403 dividend. This is an increase from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42. This represents a $2.16 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Tuesday, December 16th.

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.