Convergence Financial LLC Takes $4.59 Million Position in iShares Core High Dividend ETF $HDV

Convergence Financial LLC bought a new position in iShares Core High Dividend ETF (NYSEARCA:HDV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 37,760 shares of the exchange traded fund’s stock, valued at approximately $4,592,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HDV. BNP Paribas Financial Markets lifted its holdings in iShares Core High Dividend ETF by 199.7% in the fourth quarter. BNP Paribas Financial Markets now owns 600,634 shares of the exchange traded fund’s stock valued at $73,043,000 after buying an additional 400,223 shares during the period. Bank of America Corp DE grew its holdings in iShares Core High Dividend ETF by 3.6% during the 2nd quarter. Bank of America Corp DE now owns 4,501,871 shares of the exchange traded fund’s stock worth $527,484,000 after acquiring an additional 155,098 shares during the period. Adirondack Capital Advisors LLC acquired a new stake in iShares Core High Dividend ETF during the 4th quarter worth about $12,751,000. SteelPeak Wealth LLC bought a new position in shares of iShares Core High Dividend ETF in the 4th quarter worth about $10,554,000. Finally, JPMorgan Chase & Co. raised its position in shares of iShares Core High Dividend ETF by 6.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,278,250 shares of the exchange traded fund’s stock worth $156,522,000 after acquiring an additional 74,589 shares in the last quarter.

iShares Core High Dividend ETF Price Performance

Shares of NYSEARCA:HDV opened at $27.43 on Friday. iShares Core High Dividend ETF has a 1 year low of $23.10 and a 1 year high of $28.18. The business’s 50-day moving average is $27.09 and its 200-day moving average is $26.25. The company has a market capitalization of $13.58 billion, a price-to-earnings ratio of 18.55 and a beta of 0.53.

iShares Core High Dividend ETF Profile

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.