Merit Financial Group LLC invested $1.33 million in the iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

Merit Financial Group LLC invested $1.33 million in the iShares Morningstar Mid-Cap Value ETF (NASDAQ:IMCV)

According to the most recent disclosure that Merit Financial Group LLC has made with the Securities and Exchange Commission, the company’s holdings in the iShares Morningstar Mid-Cap Value ETF (NASDAQ: IMCV) were boosted by 13.8% in the fourth quarter.

After purchasing an additional 2,587 shares of the business’s stock during the quarter, the company now has 21,368 shares.

According to the most recent SEC filing by Merit Financial Group LLC, the company owned 0.27% of the iShares Morningstar Mid-Cap Value ETF, which had a $1,326,000. (SEC).

Recently, several other institutional investors and hedge funds have either boosted or lowered the amount of the company’s stock they currently hold in their portfolios. Over the first three months of 2018, HighTower Advisors LLC had a 4.5% increase in the amount of iShares Morningstar Mid-Cap Value ETF shares it held.

After making an additional purchase of 176 shares during the period in question, HighTower Advisors LLC now holds 4,052 shares of the company’s stock, which has a market value of $279.

Burt Financial Advisors increased its iShares Morningstar Mid-Cap Value ETF holdings by 2.2% during the third quarter.

Burt Wealth Advisors now owns 11,499 shares of the company’s stock, valued at $643,500, after purchasing an additional 253 shares.

In the third quarter, Raymond James & Associates increased its iShares Morningstar Mid-Cap Value ETF holdings by 0.4%. Raymond James & Associates increased its holdings in the business stock during the reporting period by purchasing an additional 257 shares, bringing its total holdings to 72,099 shares with a value of $4,033,000. UBS Group AG’s holdings in the iShares Morningstar Mid-Cap Value ETF climbed by 0.3% during the first quarter due to the company’s investment strategy. UBS Group AG now holds 85,659 shares of the company’s stock valued at $5,901,000 following the acquisition of an additional 289 shares during the period in question.

After making further purchases during the period in question, Janney Montgomery Scott LLC now possesses 15,805 shares of the company’s stock, valued at $884,000.
Thursday’s opening price for NASDAQ: IMCV was $59.32.

The firm’s market capitalization is currently sitting at $480.49 million, while its PE ratio is 11.54 and its beta is 1.08.

The company has a simple moving average of $64.68 for the last 50 days and a simple moving average of $62.70 for the last 200 days.

The iShares Morningstar Mid-Cap Value ETF saw a low point over the past 52 weeks of $55.69, while it reached a high point of $71.16.
The Morningstar US Mid Cap Broad Value index is replicated by the IMCV exchange-traded fund (ETF), which Morningstar provides.

The fund’s investments are made in a market capitalization-weighted index of mid-capitalization stocks from the United States chosen for their value characteristics.

BlackRock manages IMCV, which was launched on June 28, 2004.

Do you want to know which other hedge funds own IMCV? For the most recent 13F filings and insider trades for iShares Morningstar Mid-Cap Value ETF, visit HoldingsChannel.com (NASDAQ: IMCV) (NASDAQ: IMCV).

Source: BestStocks

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