HighTower Advisors LLC Acquires 486,567 Shares of iShares Core High Dividend ETF $HDV

HighTower Advisors LLC grew its holdings in shares of iShares Core High Dividend ETF (NYSEARCA:HDV – Free Report) by 397.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 608,957 shares of the exchange traded fund’s stock after buying an additional 486,567 shares during the quarter. HighTower Advisors LLC’s holdings in iShares Core High Dividend ETF were worth $16,692,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Bank of America Corp DE grew its holdings in shares of iShares Core High Dividend ETF by 3.6% in the 2nd quarter. Bank of America Corp DE now owns 4,501,871 shares of the exchange traded fund’s stock valued at $527,484,000 after acquiring an additional 155,098 shares in the last quarter. Morgan Stanley grew its stake in iShares Core High Dividend ETF by 1.8% in the fourth quarter. Morgan Stanley now owns 3,380,192 shares of the exchange traded fund’s stock valued at $411,065,000 after purchasing an additional 59,258 shares in the last quarter. LPL Financial LLC increased its position in shares of 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 worth $356,557,000 after purchasing an additional 111,853 shares during the last quarter. Auto Owners Insurance Co raised its stake in shares of iShares Core High Dividend ETF by 12,061.0% during 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 purchasing an additional 2,870,518 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of iShares Core High Dividend ETF by 12.7% in the 4th quarter. Wells Fargo & Company MN now owns 1,546,611 shares of the exchange traded fund’s stock valued at $188,083,000 after buying an additional 174,193 shares during the last quarter.

iShares Core High Dividend ETF Trading Down 0.4%

Shares of HDV opened at $29.08 on Thursday. The company’s fifty day simple moving average is $28.85 and its 200 day simple moving average is $27.79. iShares Core High Dividend ETF has a 1-year low of $23.51 and a 1-year high of $30.13. The company has a market cap of $15.02 billion, a price-to-earnings ratio of 18.55 and a beta of 0.53.

iShares Core High Dividend ETF Increases Dividend

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

iShares Core High Dividend ETF Company Profile

(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.

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