Chapin Davis Inc. Buys New Position in iShares Core High Dividend ETF (NYSEARCA:HDV)

Chapin Davis Inc. bought a new stake in shares of iShares Core High Dividend ETF (NYSEARCA:HDV) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,486 shares of the exchange traded fund’s stock, valued at approximately $605,000.

Several other hedge funds also recently added to or reduced their stakes in HDV. Sandy Cove Advisors LLC acquired a new position in shares of iShares Core High Dividend ETF in the first quarter valued at about $308,000. Cornerstone Wealth Group LLC acquired a new position in shares of iShares Core High Dividend ETF in the first quarter valued at about $236,000. Private Ocean LLC increased its holdings in shares of iShares Core High Dividend ETF by 24.3% in the first quarter. Private Ocean LLC now owns 1,055 shares of the exchange traded fund’s stock valued at $116,000 after purchasing an additional 206 shares during the period. Romano Brothers AND Company increased its holdings in shares of iShares Core High Dividend ETF by 5.3% in the first quarter. Romano Brothers AND Company now owns 7,930 shares of the exchange traded fund’s stock valued at $874,000 after purchasing an additional 400 shares during the period. Finally, Maltin Wealth Management Inc. grew its holdings in iShares Core High Dividend ETF by 3.4% during the first quarter. Maltin Wealth Management Inc. now owns 38,360 shares of the exchange traded fund’s stock worth $4,228,000 after acquiring an additional 1,245 shares during the period.

iShares Core High Dividend ETF Stock Performance

iShares Core High Dividend ETF stock traded up $0.25 during midday trading on Monday, hitting $108.70. 271,900 shares of the company were exchanged, compared to its average volume of 464,695. The firm has a market capitalization of $10.27 billion, a PE ratio of 13.82 and a beta of 0.55. iShares Core High Dividend ETF has a fifty-two week low of $93.46 and a fifty-two week high of $111.72. The business has a fifty day simple moving average of $109.03 and a two-hundred day simple moving average of $106.56.

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.