Commonwealth Equity Services LLC Sells 62,661 Shares of iShares Core High Dividend ETF (NYSEARCA:HDV)

Commonwealth Equity Services LLC trimmed its holdings in iShares Core High Dividend ETF (NYSEARCA:HDV) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 812,556 shares of the exchange traded fund’s stock after selling 62,661 shares during the period. Commonwealth Equity Services LLC owned about 0.79% of iShares Core High Dividend ETF worth $82,873,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HDV. Financial Management Professionals Inc. purchased a new position in shares of iShares Core High Dividend ETF during the fourth quarter valued at about $25,000. Wetzel Investment Advisors Inc. purchased a new position in iShares Core High Dividend ETF during the fourth quarter worth $26,000. Hazlett Burt & Watson Inc. purchased a new position in shares of iShares Core High Dividend ETF during the fourth quarter valued at approximately $39,000. Stephens Consulting LLC purchased a new stake in shares of iShares Core High Dividend ETF in the fourth quarter worth approximately $72,000. Finally, Fifth Third Bancorp grew its position in iShares Core High Dividend ETF by 882.8% in the 3rd quarter. Fifth Third Bancorp now owns 855 shares of the exchange traded fund’s stock valued at $85,000 after acquiring an additional 768 shares during the last quarter.

iShares Core High Dividend ETF Stock Performance

HDV stock traded up $0.28 during midday trading on Friday, reaching $108.24. The company’s stock had a trading volume of 229,004 shares, compared to its average volume of 549,956. The firm has a market capitalization of $10.22 billion, a price-to-earnings ratio of 13.82 and a beta of 0.55. iShares Core High Dividend ETF has a 1 year low of $93.46 and a 1 year high of $110.33. The stock has a fifty day simple moving average of $107.86 and a two-hundred day simple moving average of $103.24.

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.