Root Financial Partners LLC Makes New Investment in iShares Core High Dividend ETF $HDV

Root Financial Partners LLC acquired a new position in iShares Core High Dividend ETF (NYSEARCA:HDV) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,297 shares of the exchange traded fund’s stock, valued at approximately $484,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Merkkuri Wealth Advisors LLC acquired a new position in shares of iShares Core High Dividend ETF during the 1st quarter worth $26,000. Dynamic Wealth Strategies LLC purchased a new position in shares of iShares Core High Dividend ETF in the 1st quarter valued at about $61,000. Bartlett & CO. Wealth Management LLC increased its holdings in shares of iShares Core High Dividend ETF by 400.0% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 580 shares of the exchange traded fund’s stock valued at $79,000 after purchasing an additional 464 shares in the last quarter. Ballast Advisors LLC acquired a new stake in shares of iShares Core High Dividend ETF in the first quarter valued at about $90,000. Finally, Community Bank N.A. lifted its stake in shares of iShares Core High Dividend ETF by 400.0% in the second quarter. Community Bank N.A. now owns 1,050 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 840 shares during the period.

iShares Core High Dividend ETF Stock Down 0.3%

Shares of NYSEARCA HDV opened at $30.42 on Friday. iShares Core High Dividend ETF has a 52 week low of $23.51 and a 52 week high of $30.51. The firm has a 50-day moving average price of $29.17 and a 200 day moving average price of $28.18. The stock has a market capitalization of $15.84 billion, a price-to-earnings ratio of 18.55 and a beta of 0.53.

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.