iShares Morningstar Mid-Cap Value ETF $IMCV Stake Boosted by Bedel Financial Consulting Inc.

Bedel Financial Consulting Inc. boosted its stake in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 8.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 81,837 shares of the company’s stock after buying an additional 6,171 shares during the period. iShares Morningstar Mid-Cap Value ETF comprises 0.8% of Bedel Financial Consulting Inc.’s investment portfolio, making the stock its 18th largest holding. Bedel Financial Consulting Inc. owned about 0.75% of iShares Morningstar Mid-Cap Value ETF worth $6,576,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in IMCV. Royal Bank of Canada raised its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 3.2% during the first quarter. Royal Bank of Canada now owns 37,503 shares of the company’s stock valued at $2,783,000 after acquiring an additional 1,168 shares during the period. Jane Street Group LLC grew its position 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 worth $316,000 after purchasing an additional 691 shares in the last quarter. Madison Wealth Partners Inc raised its stake in iShares Morningstar Mid-Cap Value ETF by 9.1% during the 2nd quarter. Madison Wealth Partners Inc now owns 8,616 shares of the company’s stock valued at $655,000 after purchasing an additional 722 shares during the period. D.A. Davidson & CO. acquired a new stake in iShares Morningstar Mid-Cap Value ETF during the 2nd quarter valued at $243,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 335.2% in the second quarter. Envestnet Asset Management Inc. now owns 123,020 shares of the company’s stock valued at $9,347,000 after purchasing an additional 94,752 shares in the last quarter.

iShares Morningstar Mid-Cap Value ETF Trading Up 1.2%

Shares of IMCV stock opened at $88.95 on Tuesday. iShares Morningstar Mid-Cap Value ETF has a 1-year low of $64.02 and a 1-year high of $89.61. The company has a market capitalization of $991.79 million, a price-to-earnings ratio of 16.35 and a beta of 0.96. The stock’s fifty day simple moving average is $84.81 and its 200-day simple moving average is $81.47.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $0.5403 per share. This is a boost from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $2.16 annualized dividend and a yield of 2.4%.

iShares Morningstar Mid-Cap Value ETF Company Profile

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.