Gallagher Capital Advisors LLC Buys New Shares in iShares Core High Dividend ETF (NYSEARCA:HDV)

Gallagher Capital Advisors LLC bought a new position in iShares Core High Dividend ETF (NYSEARCA:HDV) in the fourth quarter, Holdings Channel.com reports. The firm bought 30,724 shares of the exchange traded fund’s stock, valued at approximately $3,449,000. iShares Core High Dividend ETF comprises about 2.5% of Gallagher Capital Advisors LLC’s holdings, making the stock its 16th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HDV. Tassel Capital Management Inc. acquired a new position in shares of iShares Core High Dividend ETF in the fourth quarter valued at about $477,000. Sound View Wealth Advisors Group LLC lifted its holdings in shares of iShares Core High Dividend ETF by 4.5% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 8,852 shares of the exchange traded fund’s stock worth $994,000 after purchasing an additional 379 shares during the period. PNC Financial Services Group Inc. boosted its position in iShares Core High Dividend ETF by 17.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 57,543 shares of the exchange traded fund’s stock valued at $6,460,000 after buying an additional 8,639 shares during the last quarter. AMG National Trust Bank increased its holdings in iShares Core High Dividend ETF by 25.9% in the 4th quarter. AMG National Trust Bank now owns 21,750 shares of the exchange traded fund’s stock worth $2,437,000 after buying an additional 4,472 shares during the period. Finally, Foundry Financial Group Inc. raised its position in iShares Core High Dividend ETF by 2.6% during the 4th quarter. Foundry Financial Group Inc. now owns 45,831 shares of the exchange traded fund’s stock worth $5,145,000 after buying an additional 1,176 shares during the last quarter.

iShares Core High Dividend ETF Trading Up 1.3 %

Shares of NYSEARCA HDV opened at $120.26 on Monday. The company has a 50 day simple moving average of $115.67 and a two-hundred day simple moving average of $116.91. The stock has a market cap of $11.08 billion, a price-to-earnings ratio of 19.77 and a beta of 0.82. iShares Core High Dividend ETF has a 12 month low of $105.65 and a 12 month high of $121.70.

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.