iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sees Unusually-High Trading Volume – Here’s Why

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) shares saw unusually-high trading volume on Tuesday . Approximately 27,062 shares traded hands during trading, an increase of 19% from the previous session’s volume of 22,816 shares.The stock last traded at $76.92 and had previously closed at $77.18.

iShares Morningstar Mid-Cap Value ETF Stock Performance

The company has a market capitalization of $676.23 million, a P/E ratio of 15.65 and a beta of 1.08. The stock’s fifty day moving average price is $76.70 and its 200-day moving average price is $75.84.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

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

Institutional Investors Weigh In On iShares Morningstar Mid-Cap Value ETF

Hedge funds have recently added to or reduced their stakes in the business. 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. Lebenthal Global Advisors LLC acquired a new position in iShares Morningstar Mid-Cap Value ETF in the 4th quarter valued at about $3,908,000. EP Wealth Advisors LLC bought a new position in iShares Morningstar Mid-Cap Value ETF in the 3rd quarter valued at about $3,316,000. International Assets Investment Management LLC acquired a new stake in iShares Morningstar Mid-Cap Value ETF during the third quarter worth approximately $1,782,000. Finally, Jim Saulnier & Associates LLC bought a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the third quarter worth approximately $1,598,000.

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.