NewEdge Advisors LLC Raises Position in iShares Core High Dividend ETF $HDV

NewEdge Advisors LLC grew its position in shares of iShares Core High Dividend ETF (NYSEARCA:HDV) by 462.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 208,811 shares of the exchange traded fund’s stock after purchasing an additional 171,712 shares during the period. NewEdge Advisors LLC’s holdings in iShares Core High Dividend ETF were worth $5,723,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC boosted its stake in iShares Core High Dividend ETF by 4.0% during the 4th quarter. LPL Financial LLC now owns 2,931,967 shares of the exchange traded fund’s stock valued at $356,557,000 after purchasing an additional 111,853 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of iShares Core High Dividend ETF by 2.4% during the first quarter. Royal Bank of Canada now owns 1,282,003 shares of the exchange traded fund’s stock valued at $173,992,000 after purchasing an additional 30,442 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of iShares Core High Dividend ETF by 7.6% during the first quarter. Janney Montgomery Scott LLC now owns 893,886 shares of the exchange traded fund’s stock valued at $121,318,000 after purchasing an additional 63,458 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of iShares Core High Dividend ETF by 20.2% during the first quarter. Cetera Investment Advisers now owns 650,163 shares of the exchange traded fund’s stock valued at $88,240,000 after purchasing an additional 109,151 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of iShares Core High Dividend ETF by 199.7% during the fourth quarter. BNP Paribas Financial Markets now owns 600,634 shares of the exchange traded fund’s stock valued at $73,043,000 after buying an additional 400,223 shares during the last quarter.

iShares Core High Dividend ETF Stock Performance

Shares of NYSEARCA:HDV opened at $29.27 on Tuesday. iShares Core High Dividend ETF has a fifty-two week low of $23.51 and a fifty-two week high of $30.13. The business has a 50-day simple moving average of $28.92 and a two-hundred day simple moving average of $27.82. The firm has a market cap of $15.12 billion, a price-to-earnings ratio of 18.55 and a beta of 0.53.

iShares Core High Dividend ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 24th. Stockholders of record on Wednesday, August 19th were given a dividend of $0.1046 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Wednesday, August 19th. This is an increase from iShares Core High Dividend ETF’s previous monthly dividend of $0.09.

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.