Beacon Pointe Advisors LLC Lowers Stock Position in iShares Core High Dividend ETF (NYSEARCA:HDV)

Beacon Pointe Advisors LLC trimmed its stake in shares of iShares Core High Dividend ETF (NYSEARCA:HDV) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,472 shares of the exchange traded fund’s stock after selling 145 shares during the period. Beacon Pointe Advisors LLC’s holdings in iShares Core High Dividend ETF were worth $660,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wade G W & Inc. purchased a new position in iShares Core High Dividend ETF during the fourth quarter valued at $471,000. Janney Montgomery Scott LLC raised its position in shares of iShares Core High Dividend ETF by 5.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 630,672 shares of the exchange traded fund’s stock valued at $64,322,000 after buying an additional 30,282 shares during the last quarter. Advisor OS LLC raised its position in shares of iShares Core High Dividend ETF by 11.7% in the fourth quarter. Advisor OS LLC now owns 49,346 shares of the exchange traded fund’s stock valued at $5,033,000 after buying an additional 5,162 shares during the last quarter. Theory Financial LLC raised its position in shares of iShares Core High Dividend ETF by 4.0% in the fourth quarter. Theory Financial LLC now owns 36,706 shares of the exchange traded fund’s stock valued at $3,744,000 after buying an additional 1,422 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in iShares Core High Dividend ETF by 2.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 17,131 shares of the exchange traded fund’s stock worth $1,747,000 after purchasing an additional 474 shares during the last quarter.

iShares Core High Dividend ETF Trading Down 0.6 %

iShares Core High Dividend ETF stock opened at $110.58 on Thursday. iShares Core High Dividend ETF has a 12-month low of $93.46 and a 12-month high of $111.72. The stock has a market cap of $10.44 billion, a P/E ratio of 13.82 and a beta of 0.55. The company has a 50-day moving average price of $108.95 and a 200 day moving average price of $104.62.

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.