Fifth Third Bancorp Purchases New Stake in iShares Morningstar Mid-Cap Value ETF $IMCV

Fifth Third Bancorp acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,447 shares of the company’s stock, valued at approximately $1,140,000. Fifth Third Bancorp owned 0.12% of iShares Morningstar Mid-Cap Value ETF as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of IMCV. Merit Financial Group LLC raised its position in shares of iShares Morningstar Mid-Cap Value ETF by 0.5% in the 3rd quarter. Merit Financial Group LLC now owns 27,593 shares of the company’s stock valued at $2,217,000 after buying an additional 143 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of iShares Morningstar Mid-Cap Value ETF by 394.4% during the 4th quarter. Russell Investments Group Ltd. now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 280 shares in the last quarter. PCA Investment Advisory Services Inc. boosted its position in shares of iShares Morningstar Mid-Cap Value ETF by 2.3% during the 4th quarter. PCA Investment Advisory Services Inc. now owns 13,837 shares of the company’s stock worth $1,139,000 after acquiring an additional 313 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in iShares Morningstar Mid-Cap Value ETF by 18.8% in the second quarter. Smartleaf Asset Management LLC now owns 2,317 shares of the company’s stock valued at $175,000 after acquiring an additional 367 shares during the last quarter. Finally, GWN Securities Inc. lifted its stake in iShares Morningstar Mid-Cap Value ETF by 9.1% during the fourth quarter. GWN Securities Inc. now owns 4,608 shares of the company’s stock worth $379,000 after purchasing an additional 383 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of IMCV stock opened at $95.06 on Friday. iShares Morningstar Mid-Cap Value ETF has a fifty-two week low of $75.64 and a fifty-two week high of $95.46. The stock’s fifty day moving average price is $91.46 and its two-hundred day moving average price is $88.33. The company has a market cap of $1.14 billion, a PE ratio of 16.35 and a beta of 0.86.

iShares Morningstar Mid-Cap Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $0.418 dividend. This represents a $1.67 annualized dividend and a yield of 1.8%. This is a boost from iShares Morningstar Mid-Cap Value ETF’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, June 15th.

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.