Commonwealth Equity Services LLC Cuts Stock Position in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Commonwealth Equity Services LLC trimmed its holdings in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 4.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 197,080 shares of the company’s stock after selling 9,934 shares during the period. Commonwealth Equity Services LLC owned about 2.33% of iShares Morningstar Mid-Cap Value ETF worth $13,843,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in IMCV. DDFG Inc lifted its holdings in iShares Morningstar Mid-Cap Value ETF by 11.6% in the 4th quarter. DDFG Inc now owns 8,418 shares of the company’s stock worth $570,000 after purchasing an additional 877 shares in the last quarter. Private Advisor Group LLC raised its position in shares of iShares Morningstar Mid-Cap Value ETF by 31.0% during the fourth quarter. Private Advisor Group LLC now owns 6,511 shares of the company’s stock valued at $441,000 after buying an additional 1,540 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF in the fourth quarter worth $42,000. Avantax Advisory Services Inc. boosted its position in shares of iShares Morningstar Mid-Cap Value ETF by 4.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 93,932 shares of the company’s stock worth $6,361,000 after acquiring an additional 3,885 shares during the last quarter. Finally, Bedel Financial Consulting Inc. boosted its position in shares of iShares Morningstar Mid-Cap Value ETF by 0.5% during the fourth quarter. Bedel Financial Consulting Inc. now owns 59,647 shares of the company’s stock worth $4,039,000 after acquiring an additional 291 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of NASDAQ IMCV opened at $75.19 on Wednesday. The company has a market cap of $635.36 million, a P/E ratio of 15.65 and a beta of 1.08. iShares Morningstar Mid-Cap Value ETF has a 52-week low of $57.34 and a 52-week high of $76.00. The firm’s fifty day moving average is $72.63 and its two-hundred day moving average is $71.25.

iShares Morningstar Mid-Cap Value ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were issued a $0.3668 dividend. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $1.47 annualized dividend and a dividend yield of 1.95%.

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.