Summit Investment Advisory Services LLC Trims Stock Position in iShares Core High Dividend ETF (NYSEARCA:HDV)

Summit Investment Advisory Services LLC lessened its holdings in iShares Core High Dividend ETF (NYSEARCA:HDV) by 22.6% during the 4th quarter, Holdings Channel reports. The firm owned 8,462 shares of the exchange traded fund’s stock after selling 2,472 shares during the quarter. iShares Core High Dividend ETF comprises 0.5% of Summit Investment Advisory Services LLC’s investment portfolio, making the stock its 25th biggest holding. Summit Investment Advisory Services LLC’s holdings in iShares Core High Dividend ETF were worth $863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. MJP Associates Inc. ADV lifted its stake in shares of iShares Core High Dividend ETF by 7.6% during the fourth quarter. MJP Associates Inc. ADV now owns 48,265 shares of the exchange traded fund’s stock valued at $4,923,000 after buying an additional 3,402 shares during the period. Steel Grove Capital Advisors LLC lifted its stake in shares of iShares Core High Dividend ETF by 292.6% during the fourth quarter. Steel Grove Capital Advisors LLC now owns 83,328 shares of the exchange traded fund’s stock valued at $8,499,000 after buying an additional 62,106 shares during the period. First National Corp MA ADV lifted its stake in shares of iShares Core High Dividend ETF by 17.8% during the fourth quarter. First National Corp MA ADV now owns 10,082 shares of the exchange traded fund’s stock valued at $1,028,000 after buying an additional 1,526 shares during the period. IFG Advisory LLC lifted its stake in shares of iShares Core High Dividend ETF by 4.4% during the fourth quarter. IFG Advisory LLC now owns 21,210 shares of the exchange traded fund’s stock valued at $2,163,000 after buying an additional 900 shares during the period. Finally, Tectonic Advisors LLC lifted its stake in shares of iShares Core High Dividend ETF by 23.1% during the fourth quarter. Tectonic Advisors LLC now owns 5,503 shares of the exchange traded fund’s stock valued at $561,000 after buying an additional 1,033 shares during the period.

iShares Core High Dividend ETF Stock Up 0.5 %

Shares of HDV traded up $0.58 on Friday, hitting $110.21. 395,628 shares of the stock traded hands, compared to its average volume of 648,299. The firm has a market capitalization of $11.37 billion, a P/E ratio of 16.13 and a beta of 0.81. The stock’s 50 day moving average is $105.58 and its two-hundred day moving average is $101.78. iShares Core High Dividend ETF has a 1 year low of $93.46 and a 1 year 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.