iShares Core High Dividend ETF (NYSEARCA:HDV) Stock Position Reduced by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC lessened its position in shares of iShares Core High Dividend ETF (NYSEARCA:HDV) by 42.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 2,545 shares of the exchange traded fund’s stock after selling 1,875 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in iShares Core High Dividend ETF were worth $308,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. lifted its holdings in iShares Core High Dividend ETF by 344.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 262 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 203 shares during the last quarter. EQ Wealth Advisors LLC acquired a new position in iShares Core High Dividend ETF during the 1st quarter valued at approximately $40,000. Vermillion Wealth Management Inc. acquired a new position in iShares Core High Dividend ETF during the 4th quarter valued at approximately $45,000. Ameriflex Group Inc. acquired a new position in iShares Core High Dividend ETF during the 4th quarter valued at approximately $50,000. Finally, Westside Investment Management Inc. boosted its position in iShares Core High Dividend ETF by 41.1% during the 1st quarter. Westside Investment Management Inc. now owns 419 shares of the exchange traded fund’s stock valued at $51,000 after purchasing an additional 122 shares during the period.

iShares Core High Dividend ETF Price Performance

NYSEARCA:HDV opened at $120.15 on Wednesday. iShares Core High Dividend ETF has a 12-month low of $106.00 and a 12-month high of $122.50. The firm has a market capitalization of $11.25 billion, a P/E ratio of 18.55 and a beta of 0.81. The business has a 50 day simple moving average of $117.63 and a 200 day simple moving average of $116.58.

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.