iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sees Large Volume Increase – Here’s Why

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) shares saw an uptick in trading volume on Monday . 272,763 shares traded hands during trading, an increase of 854% from the previous session’s volume of 28,604 shares.The stock last traded at $75.92 and had previously closed at $75.74.

iShares Morningstar Mid-Cap Value ETF Price Performance

The stock has a market capitalization of $666.67 million, a P/E ratio of 15.65 and a beta of 1.08. The company’s 50-day simple moving average is $75.93 and its 200-day simple moving average is $76.04.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a $0.5157 dividend. The ex-dividend date was Tuesday, December 17th.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap Value ETF

A number of institutional investors have recently bought and sold shares of IMCV. Raymond James Financial Inc. acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF during the 4th quarter worth approximately $22,184,000. swisspartners Advisors Ltd acquired a new position in shares of iShares Morningstar Mid-Cap Value ETF in the third quarter valued at $7,922,000. Ipsen Advisor Group LLC bought a new position in shares of iShares Morningstar Mid-Cap Value ETF in the fourth quarter valued at about $5,837,000. Lebenthal Global Advisors LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the 4th quarter worth about $3,908,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the 3rd quarter worth about $3,316,000.

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.