iShares Core High Dividend ETF (NYSEARCA:HDV) Shares Cross Below 200-Day Moving Average – Here’s Why

iShares Core High Dividend ETF (NYSEARCA:HDV – Get Free Report) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $27.92 and traded as low as $27.78. iShares Core High Dividend ETF shares last traded at $28.15, with a volume of 2,875,499 shares changing hands.

iShares Core High Dividend ETF Stock Down 0.3%

The business has a 50-day moving average price of $29.00 and a two-hundred day moving average price of $27.94. The company has a market capitalization of $14.69 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. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.1046 per share. This is a boost from iShares Core High Dividend ETF’s previous monthly dividend of $0.0874. The ex-dividend date was Wednesday, August 19th. This represents a $1.26 dividend on an annualized basis and a yield of 4.4%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its holdings in iShares Core High Dividend ETF by 415.4% during the second quarter. Envestnet Asset Management Inc. now owns 6,135,794 shares of the exchange traded fund’s stock worth $168,182,000 after purchasing an additional 4,945,223 shares during the last quarter. Auto Owners Insurance Co boosted its stake in shares of iShares Core High Dividend ETF by 12,061.0% in the 4th quarter. Auto Owners Insurance Co now owns 2,894,318 shares of the exchange traded fund’s stock worth $35,198,000 after buying an additional 2,870,518 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of iShares Core High Dividend ETF by 867.0% in the 2nd quarter. IFP Advisors Inc now owns 1,219,092 shares of the exchange traded fund’s stock worth $33,415,000 after buying an additional 1,093,020 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of iShares Core High Dividend ETF by 201.2% in the second quarter. Allianz Asset Management GmbH now owns 1,377,900 shares of the exchange traded fund’s stock valued at $37,768,000 after acquiring an additional 920,500 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of iShares Core High Dividend ETF by 317.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,080,660 shares of the exchange traded fund’s stock valued at $29,621,000 after acquiring an additional 821,692 shares in the last quarter.

iShares Core High Dividend ETF Company Profile

(Get Free Report)

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.

Further Reading

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