Cresset Asset Management LLC Sells 1,993 Shares of iShares Core High Dividend ETF (NYSEARCA:HDV)

Cresset Asset Management LLC lessened its holdings in shares of iShares Core High Dividend ETF (NYSEARCA:HDV) by 10.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 16,248 shares of the exchange traded fund’s stock after selling 1,993 shares during the quarter. Cresset Asset Management LLC’s holdings in iShares Core High Dividend ETF were worth $1,824,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of iShares Core High Dividend ETF by 2.5% in the fourth quarter. Bank of America Corp DE now owns 4,691,930 shares of the exchange traded fund’s stock valued at $526,716,000 after acquiring an additional 113,915 shares during the period. LPL Financial LLC raised its stake in iShares Core High Dividend ETF by 6.4% during the 4th quarter. LPL Financial LLC now owns 2,379,555 shares of the exchange traded fund’s stock valued at $267,129,000 after purchasing an additional 143,528 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in iShares Core High Dividend ETF by 74.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,081,612 shares of the exchange traded fund’s stock valued at $233,682,000 after purchasing an additional 889,193 shares during the period. JPMorgan Chase & Co. grew its position in iShares Core High Dividend ETF by 4.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,162,242 shares of the exchange traded fund’s stock worth $130,473,000 after purchasing an additional 52,859 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of iShares Core High Dividend ETF during the 4th quarter worth about $104,577,000.

iShares Core High Dividend ETF Stock Performance

Shares of HDV opened at $114.63 on Friday. The company has a 50-day simple moving average of $115.81 and a 200-day simple moving average of $116.18. iShares Core High Dividend ETF has a 52 week low of $106.01 and a 52 week high of $122.50. The firm has a market capitalization of $11.03 billion, a P/E ratio of 19.62 and a beta of 0.71.

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.