iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) Stock Price Down 1.3%

iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV – Get Rating) shares were down 1.3% on Wednesday . The stock traded as low as $59.38 and last traded at $59.41. Approximately 14,934 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 25,623 shares. The stock had previously closed at $60.21.

iShares Morningstar Mid-Cap Value ETF Price Performance

The company’s 50 day simple moving average is $60.83 and its two-hundred day simple moving average is $61.97. The stock has a market capitalization of $494.93 million, a P/E ratio of 11.54 and a beta of 1.08.

Hedge Funds Weigh In On iShares Morningstar Mid-Cap Value ETF

Several institutional investors have recently bought and sold shares of IMCV. HighTower Advisors LLC raised its holdings in shares of iShares Morningstar Mid-Cap Value ETF by 4.5% in the first quarter. HighTower Advisors LLC now owns 4,052 shares of the company’s stock valued at $279,000 after buying an additional 176 shares during the last quarter. Cetera Advisor Networks LLC acquired a new stake in shares of iShares Morningstar Mid-Cap Value ETF in the first quarter valued at approximately $234,000. Citigroup Inc. raised its position in iShares Morningstar Mid-Cap Value ETF by 260.0% in the 1st quarter. Citigroup Inc. now owns 25,670 shares of the company’s stock worth $1,768,000 after purchasing an additional 18,540 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in iShares Morningstar Mid-Cap Value ETF by 198.3% during the 1st quarter. Baird Financial Group Inc. now owns 115,285 shares of the company’s stock worth $7,942,000 after buying an additional 76,644 shares in the last quarter. Finally, Flow Traders U.S. LLC boosted its holdings in iShares Morningstar Mid-Cap Value ETF by 423.0% in the first quarter. Flow Traders U.S. LLC now owns 21,910 shares of the company’s stock valued at $1,509,000 after acquiring an additional 17,721 shares during the last quarter.

About iShares Morningstar Mid-Cap Value ETF

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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.