Ipsen Advisor Group LLC Makes New Investment in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Ipsen Advisor Group LLC bought a new position in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) during the fourth quarter, Holdings Channel reports. The institutional investor bought 78,597 shares of the company’s stock, valued at approximately $5,837,000. iShares Morningstar Mid-Cap Value ETF accounts for 5.0% of Ipsen Advisor Group LLC’s portfolio, making the stock its 4th biggest holding.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in iShares Morningstar Mid-Cap Value ETF during the fourth quarter worth about $22,184,000. Commonwealth Equity Services LLC raised its position in shares of iShares Morningstar Mid-Cap Value ETF by 2.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 197,852 shares of the company’s stock worth $14,692,000 after purchasing an additional 4,921 shares during the period. Black Diamond Financial LLC lifted its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 8.8% in the 4th quarter. Black Diamond Financial LLC now owns 113,392 shares of the company’s stock worth $8,420,000 after purchasing an additional 9,150 shares during the last quarter. Rodgers & Associates LTD boosted its position in iShares Morningstar Mid-Cap Value ETF by 7.4% during the 4th quarter. Rodgers & Associates LTD now owns 85,443 shares of the company’s stock valued at $6,345,000 after purchasing an additional 5,868 shares during the period. Finally, Marietta Wealth Management LLC grew its stake in iShares Morningstar Mid-Cap Value ETF by 2.4% during the 4th quarter. Marietta Wealth Management LLC now owns 73,906 shares of the company’s stock worth $5,488,000 after buying an additional 1,718 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Price Performance

Shares of NASDAQ IMCV opened at $74.44 on Wednesday. The firm has a market capitalization of $658.79 million, a PE ratio of 16.61 and a beta of 1.08. iShares Morningstar Mid-Cap Value ETF has a 1-year low of $68.12 and a 1-year high of $81.32. The business’s fifty day moving average price is $75.54 and its two-hundred day moving average price is $76.31.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 18th were given a $0.4353 dividend. The ex-dividend date was Tuesday, March 18th.

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.