Sovereign Financial Group Inc. Purchases New Stake in iShares Core High Dividend ETF (NYSEARCA:HDV)

Sovereign Financial Group Inc. acquired a new position in shares of iShares Core High Dividend ETF (NYSEARCA:HDV) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 4,545 shares of the exchange traded fund’s stock, valued at approximately $464,000.

Several other large investors also recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. acquired a new position in shares of iShares Core High Dividend ETF during the 4th quarter valued at about $25,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of iShares Core High Dividend ETF during the 4th quarter worth approximately $26,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of iShares Core High Dividend ETF during the 4th quarter valued at approximately $39,000. Stephens Consulting LLC acquired a new position in iShares Core High Dividend ETF in the fourth quarter valued at approximately $72,000. Finally, Fifth Third Bancorp grew its position 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 worth $85,000 after acquiring an additional 768 shares during the period.

iShares Core High Dividend ETF Stock Up 0.4 %

NYSEARCA:HDV traded up $0.48 on Tuesday, reaching $109.09. The company’s stock had a trading volume of 239,176 shares, compared to its average volume of 542,354. iShares Core High Dividend ETF has a 12-month low of $93.46 and a 12-month high of $110.33. The stock has a 50 day moving average price of $107.97 and a 200 day moving average price of $103.46. The firm 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 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.