Ipsen Advisor Group LLC Invests $5.84 Million in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Ipsen Advisor Group LLC purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 78,597 shares of the company’s stock, valued at approximately $5,837,000. iShares Morningstar Mid-Cap Value ETF makes up 5.0% of Ipsen Advisor Group LLC’s portfolio, making the stock its 4th biggest position. Ipsen Advisor Group LLC owned 0.89% of iShares Morningstar Mid-Cap Value ETF at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Aire Advisors LLC increased its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 2.2% during the 4th quarter. Aire Advisors LLC now owns 37,116 shares of the company’s stock valued at $2,756,000 after purchasing an additional 799 shares in the last quarter. Millstone Evans Group LLC purchased a new position in iShares Morningstar Mid-Cap Value ETF in the fourth quarter valued at $3,105,000. Harbour Investments Inc. raised 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 acquiring an additional 259 shares during the period. Commonwealth Equity Services LLC boosted its stake 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 acquiring an additional 4,921 shares in the last quarter. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF during the 4th quarter valued at about $71,000.

iShares Morningstar Mid-Cap Value ETF Trading Down 0.4 %

Shares of IMCV stock opened at $74.44 on Wednesday. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $68.12 and a 12-month high of $81.32. The business’s 50 day moving average is $75.54 and its two-hundred day moving average is $76.31. The company has a market capitalization of $658.79 million, a P/E ratio of 16.61 and a beta of 1.08.

iShares Morningstar Mid-Cap Value ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.4353 per share. The ex-dividend date of this dividend was Tuesday, March 18th.

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.