MV Capital Management Inc. Reduces Stock Position in iShares Core High Dividend ETF (NYSEARCA:HDV)

MV Capital Management Inc. lessened its holdings in shares of iShares Core High Dividend ETF (NYSEARCA:HDV) by 2.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,849 shares of the exchange traded fund’s stock after selling 353 shares during the period. MV Capital Management Inc.’s holdings in iShares Core High Dividend ETF were worth $1,306,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HDV. Financial Management Professionals Inc. purchased a new position in shares of iShares Core High Dividend ETF during the fourth quarter valued at about $25,000. Wetzel Investment Advisors Inc. bought a new position in shares of iShares Core High Dividend ETF in the 4th quarter worth approximately $26,000. Elevate Wealth Advisory Inc. purchased a new position in shares of iShares Core High Dividend ETF in the 4th quarter valued at approximately $30,000. Hazlett Burt & Watson Inc. bought a new stake in shares of iShares Core High Dividend ETF during the fourth quarter valued at approximately $39,000. Finally, Sound Income Strategies LLC grew its stake in iShares Core High Dividend ETF by 1,052.9% in the first quarter. Sound Income Strategies LLC now owns 392 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 358 shares during the period.

iShares Core High Dividend ETF Stock Down 0.1 %

Shares of NYSEARCA HDV traded down $0.09 on Tuesday, reaching $108.35. 343,085 shares of the company’s stock traded hands, compared to its average volume of 462,682. The business’s 50 day simple moving average is $109.02 and its two-hundred day simple moving average is $106.60. iShares Core High Dividend ETF has a 12 month low of $93.46 and a 12 month high of $111.72. The company has a market cap of $10.23 billion, a price-to-earnings ratio of 13.82 and a beta of 0.55.

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.