Raymond James Financial Services Advisors Inc. Sells 782 Shares of iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Raymond James Financial Services Advisors Inc. cut its position in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV – Get Rating) by 1.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 52,530 shares of the company’s stock after selling 782 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in iShares Morningstar Mid-Cap Value ETF were worth $3,259,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Windsor Group LTD acquired a new stake in iShares Morningstar Mid-Cap Value ETF during the 4th quarter valued at $208,000. Planning Directions Inc. acquired a new stake in iShares Morningstar Mid-Cap Value ETF during the 4th quarter valued at $210,000. Cahill Financial Advisors Inc. acquired a new stake in iShares Morningstar Mid-Cap Value ETF during the 3rd quarter valued at $224,000. Cetera Advisor Networks LLC acquired a new stake in iShares Morningstar Mid-Cap Value ETF during the 1st quarter valued at $234,000. Finally, Means Investment CO. Inc. acquired a new stake in iShares Morningstar Mid-Cap Value ETF during the 4th quarter valued at $235,000.

iShares Morningstar Mid-Cap Value ETF Stock Performance

IMCV opened at $60.54 on Monday. iShares Morningstar Mid-Cap Value ETF has a fifty-two week low of $55.69 and a fifty-two week high of $68.50. The company has a market capitalization of $502.48 million, a P/E ratio of 11.54 and a beta of 1.08. The stock has a fifty day moving average of $61.48 and a 200-day moving average of $62.92.

iShares Morningstar Mid-Cap Value ETF Company Profile

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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.