Orgel Wealth Management LLC Boosts Stake in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Orgel Wealth Management LLC lifted its holdings in iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV) by 2.1% during the second quarter, Holdings Channel reports. The institutional investor owned 289,672 shares of the company’s stock after purchasing an additional 6,004 shares during the quarter. iShares Morningstar Mid-Cap Value ETF comprises 0.6% of Orgel Wealth Management LLC’s investment portfolio, making the stock its 25th biggest holding. Orgel Wealth Management LLC’s holdings in iShares Morningstar Mid-Cap Value ETF were worth $18,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the business. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the first quarter worth $5,698,000. Bank of America Corp DE boosted its position in iShares Morningstar Mid-Cap Value ETF by 51.3% during the first quarter. Bank of America Corp DE now owns 237,896 shares of the company’s stock worth $16,389,000 after purchasing an additional 80,630 shares in the last quarter. Baird Financial Group Inc. boosted its position in iShares Morningstar Mid-Cap Value ETF by 198.3% during the first quarter. Baird Financial Group Inc. now owns 115,285 shares of the company’s stock worth $7,942,000 after purchasing an additional 76,644 shares in the last quarter. Ipsen Advisor Group LLC purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the fourth quarter worth $3,836,000. Finally, CI Private Wealth LLC purchased a new stake in iShares Morningstar Mid-Cap Value ETF during the fourth quarter worth $3,745,000.

iShares Morningstar Mid-Cap Value ETF Price Performance

IMCV traded down $0.45 during trading on Friday, reaching $63.09. 15,547 shares of the stock were exchanged, compared to its average volume of 22,267. iShares Morningstar Mid-Cap Value ETF has a 1 year low of $55.69 and a 1 year high of $68.50. The company has a market capitalization of $520.49 million, a price-to-earnings ratio of 14.20 and a beta of 1.08. The business’s 50 day moving average price is $64.36 and its two-hundred day moving average price is $62.42.

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.