iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Sees Unusually-High Trading Volume – Should You Buy?

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) saw unusually-high trading volume on Tuesday . Approximately 126,531 shares traded hands during trading, an increase of 455% from the previous session’s volume of 22,788 shares.The stock last traded at $64.91 and had previously closed at $66.11.

iShares Morningstar Mid-Cap Value ETF Trading Down 1.5 %

The firm has a market cap of $553.35 million, a P/E ratio of 16.61 and a beta of 1.08. The stock’s fifty day moving average is $74.70 and its two-hundred day moving average is $76.12.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

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

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

Several large investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors raised its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 1.5% in the 4th quarter. Captrust Financial Advisors now owns 13,771 shares of the company’s stock valued at $1,023,000 after acquiring an additional 206 shares in the last quarter. Harbour Investments Inc. increased its position in shares of iShares Morningstar Mid-Cap Value ETF by 11.2% in the fourth quarter. Harbour Investments Inc. now owns 2,567 shares of the company’s stock worth $191,000 after purchasing an additional 259 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in iShares Morningstar Mid-Cap Value ETF by 53.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 783 shares of the company’s stock valued at $58,000 after purchasing an additional 273 shares in the last quarter. Retirement Planning Group LLC lifted its position in iShares Morningstar Mid-Cap Value ETF by 2.0% during the fourth quarter. Retirement Planning Group LLC now owns 19,106 shares of the company’s stock valued at $1,419,000 after purchasing an additional 366 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in iShares Morningstar Mid-Cap Value ETF by 1.9% in the 4th quarter. Cetera Investment Advisers now owns 21,746 shares of the company’s stock worth $1,615,000 after buying an additional 400 shares in the last quarter.

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.