Alliancebernstein L.P. Boosts Holdings in AB US High Dividend ETF (NYSEARCA:HIDV)

Alliancebernstein L.P. raised its stake in shares of AB US High Dividend ETF (NYSEARCA:HIDV) by 93.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,465 shares of the company’s stock after buying an additional 97,407 shares during the quarter. Alliancebernstein L.P. owned about 1.01% of AB US High Dividend ETF worth $14,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Kingsview Wealth Management LLC lifted its position in shares of AB US High Dividend ETF by 10.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 5,843 shares of the company’s stock worth $421,000 after buying an additional 554 shares in the last quarter.

AB US High Dividend ETF Price Performance

NYSEARCA HIDV opened at $60.49 on Wednesday. AB US High Dividend ETF has a 1-year low of $59.88 and a 1-year high of $75.29. The business has a 50 day simple moving average of $70.78 and a two-hundred day simple moving average of $72.04. The stock has a market capitalization of $27.83 million, a PE ratio of 16.04 and a beta of 0.99.

AB US High Dividend ETF Profile

The AB US High Dividend ETF (HIDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed fund of high dividend-paying companies. Selection is based on a proprietary systemic approach of large- and mid-cap US stocks. HIDV was launched on Mar 22, 2023 and is managed by AllianceBernstein.