Steele Capital Management Inc. Takes Position in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Steele Capital Management Inc. purchased a new stake in shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 226,918 shares of the company’s stock, valued at approximately $15,367,000. iShares Morningstar Mid-Cap Value ETF accounts for about 1.0% of Steele Capital Management Inc.’s holdings, making the stock its 23rd largest position. Steele Capital Management Inc. owned about 2.62% of iShares Morningstar Mid-Cap Value ETF at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IMCV. Arlington Financial Advisors LLC purchased a new position in shares of iShares Morningstar Mid-Cap Value ETF during the fourth quarter valued at $12,671,000. Orgel Wealth Management LLC grew its stake in iShares Morningstar Mid-Cap Value ETF by 12.5% in the third quarter. Orgel Wealth Management LLC now owns 325,949 shares of the company’s stock valued at $19,749,000 after purchasing an additional 36,277 shares during the last quarter. Raymond James & Associates grew its stake in iShares Morningstar Mid-Cap Value ETF by 35.0% in the fourth quarter. Raymond James & Associates now owns 92,597 shares of the company’s stock valued at $6,271,000 after purchasing an additional 23,984 shares during the last quarter. Aire Advisors LLC grew its stake in iShares Morningstar Mid-Cap Value ETF by 34.2% in the fourth quarter. Aire Advisors LLC now owns 38,375 shares of the company’s stock valued at $2,599,000 after purchasing an additional 9,784 shares during the last quarter. Finally, Mariner LLC grew its stake in iShares Morningstar Mid-Cap Value ETF by 20.7% in the third quarter. Mariner LLC now owns 51,778 shares of the company’s stock valued at $3,137,000 after purchasing an additional 8,864 shares during the last quarter.

iShares Morningstar Mid-Cap Value ETF Stock Performance

IMCV traded up $0.60 on Monday, hitting $70.61. The company had a trading volume of 8,500 shares, compared to its average volume of 28,466. The stock has a fifty day moving average price of $70.04 and a 200-day moving average price of $66.31. iShares Morningstar Mid-Cap Value ETF has a 12-month low of $57.34 and a 12-month high of $72.64. The stock has a market capitalization of $607.25 million, a price-to-earnings ratio of 15.13 and a beta of 1.08.

iShares Morningstar Mid-Cap Value ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were issued a $0.3268 dividend. This represents a $1.31 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, March 21st.

iShares Morningstar Mid-Cap Value ETF 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.