Sovereign Financial Group Inc. purchased a new stake in iShares Core High Dividend ETF (NYSEARCA:HDV – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,545 shares of the exchange traded fund’s stock, valued at approximately $464,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Management Professionals Inc. bought a new stake in iShares Core High Dividend ETF during the 4th quarter worth about $25,000. Wetzel Investment Advisors Inc. bought a new stake in shares of iShares Core High Dividend ETF during the 4th quarter worth approximately $26,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of iShares Core High Dividend ETF in the 4th quarter valued at approximately $39,000. Stephens Consulting LLC bought a new stake in iShares Core High Dividend ETF during the fourth quarter worth $72,000. Finally, Fifth Third Bancorp lifted its stake in iShares Core High Dividend ETF by 882.8% in the third quarter. Fifth Third Bancorp now owns 855 shares of the exchange traded fund’s stock valued at $85,000 after acquiring an additional 768 shares during the last quarter.
iShares Core High Dividend ETF Stock Performance
NYSEARCA:HDV traded up $0.48 during mid-day trading on Tuesday, hitting $109.09. The stock had a trading volume of 239,176 shares, compared to its average volume of 542,354. The company’s 50 day simple moving average is $107.97 and its 200 day simple moving average is $103.46. The stock has a market cap of $10.30 billion, a price-to-earnings ratio of 13.82 and a beta of 0.55. iShares Core High Dividend ETF has a twelve month low of $93.46 and a twelve month high of $110.33.
iShares Core High Dividend ETF Company Profile
The iShares Core High Dividend ETF (HDV) is an exchange-traded fund that is based on the Morningstar Dividend Yield Focus index. The fund tracks a dividend-weighted index of 75 high-yielding US equities, screened for high earnings potential and dividend sustainability. HDV was launched on Mar 29, 2011 and is managed by BlackRock.
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