Gateway Wealth Partners LLC Sells 3,435 Shares of iShares Core High Dividend ETF (NYSEARCA:HDV)

Gateway Wealth Partners LLC lowered its stake in shares of iShares Core High Dividend ETF (NYSEARCA:HDV) by 48.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,644 shares of the exchange traded fund’s stock after selling 3,435 shares during the quarter. Gateway Wealth Partners LLC’s holdings in iShares Core High Dividend ETF were worth $429,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Chilton Capital Management LLC bought a new stake in iShares Core High Dividend ETF in the second quarter worth $33,000. Russell Investments Group Ltd. increased its position in iShares Core High Dividend ETF by 56.4% in the first quarter. Russell Investments Group Ltd. now owns 355 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 128 shares during the last quarter. McClarren Financial Advisors Inc. increased its position in iShares Core High Dividend ETF by 53.5% in the third quarter. McClarren Financial Advisors Inc. now owns 333 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 116 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in iShares Core High Dividend ETF in the second quarter worth $41,000. Finally, Hantz Financial Services Inc. bought a new stake in iShares Core High Dividend ETF in the second quarter worth $48,000.

iShares Core High Dividend ETF Stock Performance

Shares of HDV opened at $116.85 on Wednesday. The company’s fifty day moving average is $117.80 and its 200 day moving average is $112.84. iShares Core High Dividend ETF has a fifty-two week low of $94.22 and a fifty-two week high of $119.74. The stock has a market capitalization of $11.04 billion, a PE ratio of 13.82 and a beta of 0.55.

iShares Core High Dividend ETF Company 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.