Beacon Pointe Advisors LLC Increases Stock Holdings in iShares Core High Dividend ETF (NYSEARCA:HDV)

Beacon Pointe Advisors LLC boosted its stake in iShares Core High Dividend ETF (NYSEARCA:HDV) by 13.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,061 shares of the exchange traded fund’s stock after buying an additional 606 shares during the period. Beacon Pointe Advisors LLC’s holdings in iShares Core High Dividend ETF were worth $568,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in iShares Core High Dividend ETF in the 4th quarter worth approximately $104,577,000. Wells Fargo & Company MN increased its position in iShares Core High Dividend ETF by 74.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,081,612 shares of the exchange traded fund’s stock worth $233,682,000 after buying an additional 889,193 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in iShares Core High Dividend ETF by 10,416.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 341,564 shares of the exchange traded fund’s stock worth $38,344,000 after acquiring an additional 338,316 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of iShares Core High Dividend ETF by 331.0% in the fourth quarter. Federated Hermes Inc. now owns 328,624 shares of the exchange traded fund’s stock worth $36,891,000 after purchasing an additional 252,380 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in iShares Core High Dividend ETF during the fourth quarter valued at about $26,271,000.

iShares Core High Dividend ETF Price Performance

iShares Core High Dividend ETF stock opened at $115.57 on Friday. The stock has a market cap of $11.12 billion, a P/E ratio of 19.62 and a beta of 0.71. iShares Core High Dividend ETF has a 1 year low of $106.01 and a 1 year high of $122.50. The firm’s 50 day moving average price is $116.31 and its 200-day moving average price is $116.33.

About iShares Core High Dividend ETF

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.