M&T Bank Corp Trims Stock Holdings in iShares Core High Dividend ETF (NYSEARCA:HDV)

M&T Bank Corp lowered its stake in shares of iShares Core High Dividend ETF (NYSEARCA:HDV) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 906,406 shares of the exchange traded fund’s stock after selling 102,463 shares during the period. M&T Bank Corp’s holdings in iShares Core High Dividend ETF were worth $92,444,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HDV. Financial Management Professionals Inc. purchased a new position in iShares Core High Dividend ETF in the 4th quarter valued at about $25,000. Wetzel Investment Advisors Inc. acquired a new position in shares of iShares Core High Dividend ETF in the fourth quarter valued at approximately $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 acquired a new stake in iShares Core High Dividend ETF during the fourth quarter worth approximately $72,000. Finally, Fifth Third Bancorp grew its stake 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 worth $85,000 after acquiring an additional 768 shares during the period.

iShares Core High Dividend ETF Price Performance

HDV traded up $0.29 during trading on Friday, hitting $108.25. The company’s stock had a trading volume of 229,004 shares, compared to its average volume of 549,956. iShares Core High Dividend ETF has a twelve month low of $93.46 and a twelve month high of $110.33. The firm’s 50 day moving average price is $107.90 and its 200-day moving average price is $103.31. The stock has a market cap of $10.22 billion, a PE ratio of 13.82 and a beta of 0.55.

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.