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Merit Financial Group LLC invests $1.05 million in the iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Merit Financial Group LLC invests $1.05 million in the iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

The most recent 13F filing that Merit Financial Group LLC submitted to the Securities and Exchange Commission focused on the iShares Morningstar Mid-Cap Value ETF (NASDAQ: IMCV), in which the company acquired a new investment during the third quarter (SEC). To purchase 18,781 shares of stock in the company, the corporation spent a total of $1,051,000, bringing the total amount to $1,051,000. At the end of the most recent fiscal quarter, Merit Financial Group LLC held a stake in the iShares Morningstar Mid-Cap Value ETF equal to approximately 0.25 percentage points.

Recently, the ownership of IMCV shares has been traded among several different institutional investors who are not affiliated with one another. During the first three months of 2018, HighTower Advisors LLC increased its holdings in the iShares Morningstar Mid-Cap Value ETF by 4.5 percent by purchasing additional shares. After the purchase of 176 additional shares during the quarter, HighTower Advisors LLC now has a total of 4,052 shares of the company’s stock, valued at $279,000. These shares were acquired during the quarter. During the first three months of 2018, Cetera Advisor Networks LLC made a new investment of 234,000 dollars into the iShares Morningstar Mid-Cap Value ETF. During the first three months of 2018, Citigroup Inc. saw a 260.0% increase in the proportion of its holdings allocated to the iShares Morningstar Mid-Cap Value ETF. After making additional purchases during the relevant period totaling 18,540 shares, Citigroup Inc. currently possesses 25,670 shares, valued at a total of $1,768,000. During the relevant period, the company also made additional purchases. In the first three months of 2018, Baird Financial Group Inc. saw a 198.3% increase in the proportion of its holdings allocated to the iShares Morningstar Mid-Cap Value ETF. Following the completion of the period, Baird Financial Group Inc. has acquired an additional 76,644 shares of the company’s stock, bringing the total number of shares it currently owns to 115,285. When factoring in the value of these shares, the total value of the company’s stock comes to $7,942,000. During the first three months of 2018, Flow Traders U.S. LLC invested 423.0% more money in the iShares Morningstar Mid-Cap Value ETF than it did in the previous quarter. Following the acquisition of 17,721 additional shares during the most recent quarter, Flow Traders U.S. LLC now holds 21,910 shares of the company’s stock. Each share of the company’s stock has a current market value of $1,509,000.

This past Friday, trading began on the NASDAQ IMCV for $65.61 per share. The company’s moving averages over the last fifty and two hundred days are $63.38 and $61.96, respectively. During the past 52 weeks, the price of the iShares Morningstar Mid-Cap Value ETF has fluctuated between a low of $55.69 and a high of $71.16, with a low of $55.69 serving as the lowest point and the highest point serving as the highest point.

Additionally, the company announced a quarterly dividend, which was paid out on December 19 and distributed the following day, December 19. Record stockholders were each given a dividend payment on December 14, $0.444, and the payment was made. This results in the shareholder receiving a dividend payment of $1.78 per year and a yield of 2.71% on their investment. This represents an increase from the previous dividend payment of $0.42 per quarter made by the iShares Morningstar Mid-Cap Value ETF, which was previously in place. This dividend had announced a quarterly dividend, which was paid out on December 19 and distributed the following day, on December 19. Record stockholders were each given a dividend payment on December 14, $0.444, and the payment was made. This results in the shareholder receiving a dividend payment of $1.78 per year and a yield of 2.71% on their investment. This represents an increase from the previous dividend payment of $0.42 per quarter made by the iShares Morningstar Mid-Cap Value ETF, which was previously in place. This dividend had its ex-dividend date on December 13, a Tuesday in December.

Have you considered looking into the various other hedge funds that hold positions in IMCV to see what you can find out about them? If you go to HoldingsChannel.com, you can view the 13F filings and insider trades for the iShares Morningstar Mid-Cap Value ETF (NASDAQ: IMCV).

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