Merit Financial Group LLC Cuts Stock Holdings in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Merit Financial Group LLC decreased its holdings in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 3.6% in the 4th quarter, Holdings Channel reports. The firm owned 26,347 shares of the company’s stock after selling 998 shares during the period. Merit Financial Group LLC’s holdings in iShares Morningstar Mid-Cap Value ETF were worth $1,957,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of IMCV. Park Avenue Securities LLC bought a new stake in iShares Morningstar Mid-Cap Value ETF in the 3rd quarter worth approximately $203,000. AE Wealth Management LLC bought a new stake in iShares Morningstar Mid-Cap Value ETF in the 2nd quarter worth approximately $226,000. Oakworth Capital Inc. bought a new stake in iShares Morningstar Mid-Cap Value ETF in the 3rd quarter worth approximately $263,000. JPMorgan Chase & Co. lifted its position in iShares Morningstar Mid-Cap Value ETF by 22.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,721 shares of the company’s stock worth $285,000 after buying an additional 670 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in iShares Morningstar Mid-Cap Value ETF by 12.6% in the 3rd quarter. Private Advisor Group LLC now owns 3,956 shares of the company’s stock worth $303,000 after buying an additional 442 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Price Performance

NASDAQ:IMCV opened at $76.83 on Tuesday. The business has a 50 day moving average of $76.92 and a 200 day moving average of $75.56. The company has a market capitalization of $676.10 million, a price-to-earnings ratio of 15.65 and a beta of 1.08. iShares Morningstar Mid-Cap Value ETF has a 1-year low of $65.23 and a 1-year high of $81.32.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

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

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.