Matrix Trust Co Raises Stock Position in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Matrix Trust Co increased its stake in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 225,366 shares of the company’s stock after acquiring an additional 1,254 shares during the quarter. iShares Morningstar Mid-Cap Value ETF makes up about 3.6% of Matrix Trust Co’s portfolio, making the stock its 9th largest position. Matrix Trust Co’s holdings in iShares Morningstar Mid-Cap Value ETF were worth $15,262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Trivant Custom Portfolio Group LLC boosted its stake in iShares Morningstar Mid-Cap Value ETF by 4.8% during the third quarter. Trivant Custom Portfolio Group LLC now owns 4,065 shares of the company’s stock worth $246,000 after acquiring an additional 188 shares in the last quarter. Merit Financial Group LLC lifted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 1.3% in the third quarter. Merit Financial Group LLC now owns 19,749 shares of the company’s stock valued at $1,197,000 after buying an additional 244 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 0.4% in the third quarter. Avantax Advisory Services Inc. now owns 90,047 shares of the company’s stock valued at $5,456,000 after buying an additional 324 shares in the last quarter. DDFG Inc lifted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 4.6% in the third quarter. DDFG Inc now owns 7,541 shares of the company’s stock valued at $457,000 after buying an additional 333 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of iShares Morningstar Mid-Cap Value ETF by 6.2% in the fourth quarter. J.W. Cole Advisors Inc. now owns 5,804 shares of the company’s stock valued at $393,000 after buying an additional 338 shares in the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Performance

Shares of iShares Morningstar Mid-Cap Value ETF stock traded down $0.07 during trading hours on Friday, reaching $70.01. The company’s stock had a trading volume of 8,678 shares, compared to its average volume of 28,713. iShares Morningstar Mid-Cap Value ETF has a one year low of $57.34 and a one year high of $72.64. The company has a market capitalization of $602.09 million, a P/E ratio of 15.13 and a beta of 1.08. The stock’s fifty day simple moving average is $70.04 and its two-hundred day simple moving average is $66.23.

iShares Morningstar Mid-Cap Value ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were paid a $0.3268 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Thursday, March 21st.

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.