M&T Bank Corp Trims Stock Position in iShares Core High Dividend ETF $HDV

M&T Bank Corp cut its stake in iShares Core High Dividend ETF (NYSEARCA:HDV) by 5.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 702,611 shares of the exchange traded fund’s stock after selling 39,776 shares during the quarter. M&T Bank Corp’s holdings in iShares Core High Dividend ETF were worth $86,034,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HDV. Beacon Investment Advisory Services Inc. grew its holdings in shares of iShares Core High Dividend ETF by 4.3% in the third quarter. Beacon Investment Advisory Services Inc. now owns 2,095 shares of the exchange traded fund’s stock worth $257,000 after purchasing an additional 86 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its position in iShares Core High Dividend ETF by 0.6% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 14,822 shares of the exchange traded fund’s stock valued at $1,737,000 after buying an additional 91 shares during the period. MCF Advisors LLC boosted its position in iShares Core High Dividend ETF by 0.7% in the 3rd quarter. MCF Advisors LLC now owns 13,205 shares of the exchange traded fund’s stock valued at $1,617,000 after buying an additional 91 shares during the period. Forefront Wealth Management Inc. grew its stake in iShares Core High Dividend ETF by 1.3% in the 3rd quarter. Forefront Wealth Management Inc. now owns 7,304 shares of the exchange traded fund’s stock worth $894,000 after acquiring an additional 97 shares in the last quarter. Finally, Capital Investment Advisory Services LLC grew its stake in iShares Core High Dividend ETF by 10.6% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 1,076 shares of the exchange traded fund’s stock worth $132,000 after acquiring an additional 103 shares in the last quarter.

iShares Core High Dividend ETF Stock Performance

Shares of NYSEARCA:HDV opened at $135.82 on Friday. The firm’s 50 day simple moving average is $133.03 and its 200-day simple moving average is $125.69. iShares Core High Dividend ETF has a one year low of $106.00 and a one year high of $140.89. The firm has a market cap of $13.18 billion, a PE ratio of 18.55 and a beta of 0.64.

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.