iShares Core High Dividend ETF (NYSEARCA:HDV) Shares Purchased by GDS Wealth Management

GDS Wealth Management grew its stake in iShares Core High Dividend ETF (NYSEARCA:HDV) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 195,310 shares of the exchange traded fund’s stock after buying an additional 4,567 shares during the period. iShares Core High Dividend ETF makes up about 2.7% of GDS Wealth Management’s holdings, making the stock its 9th biggest holding. GDS Wealth Management’s holdings in iShares Core High Dividend ETF were worth $19,920,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in iShares Core High Dividend ETF by 17.5% in the third quarter. Bank of New York Mellon Corp now owns 23,316 shares of the exchange traded fund’s stock valued at $2,306,000 after buying an additional 3,465 shares during the period. Brown Advisory Inc. lifted its stake in iShares Core High Dividend ETF by 3.6% in the third quarter. Brown Advisory Inc. now owns 9,272 shares of the exchange traded fund’s stock valued at $917,000 after buying an additional 318 shares during the period. Park Avenue Securities LLC acquired a new position in iShares Core High Dividend ETF in the third quarter valued at about $781,000. Beam Wealth Advisors Inc. lifted its stake in iShares Core High Dividend ETF by 40.7% in the third quarter. Beam Wealth Advisors Inc. now owns 126,792 shares of the exchange traded fund’s stock valued at $12,538,000 after buying an additional 36,682 shares during the period. Finally, TIAA Trust National Association acquired a new position in iShares Core High Dividend ETF in the third quarter valued at about $405,000.

iShares Core High Dividend ETF Stock Performance

NYSEARCA:HDV traded up $0.81 during mid-day trading on Thursday, hitting $110.13. The company had a trading volume of 254,201 shares, compared to its average volume of 535,942. iShares Core High Dividend ETF has a fifty-two week low of $93.46 and a fifty-two week high of $110.33. The business’s fifty day moving average is $108.12 and its two-hundred day moving average is $103.58. The firm has a market cap of $10.40 billion, a P/E 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.