PMG Wealth Management Inc. Makes New Investment in iShares Core High Dividend ETF (NYSEARCA:HDV)

PMG Wealth Management Inc. bought a new stake in iShares Core High Dividend ETF (NYSEARCA:HDV) during the 4th quarter, Holdings Channel reports. The fund bought 4,550 shares of the exchange traded fund’s stock, valued at approximately $511,000. iShares Core High Dividend ETF accounts for about 0.5% of PMG Wealth Management Inc.’s investment portfolio, making the stock its 29th largest holding.

Several other institutional investors also recently modified their holdings of HDV. Orion Portfolio Solutions LLC raised its stake in iShares Core High Dividend ETF by 372.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 479,666 shares of the exchange traded fund’s stock worth $56,418,000 after buying an additional 378,179 shares during the period. Strategic Financial Concepts LLC raised its position in shares of iShares Core High Dividend ETF by 10,416.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 341,564 shares of the exchange traded fund’s stock worth $38,344,000 after purchasing an additional 338,316 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of iShares Core High Dividend ETF by 13,316.2% during the 3rd quarter. International Assets Investment Management LLC now owns 281,875 shares of the exchange traded fund’s stock valued at $33,154,000 after purchasing an additional 279,774 shares in the last quarter. LPL Financial LLC grew its position in shares of iShares Core High Dividend ETF by 13.7% in the 3rd quarter. LPL Financial LLC now owns 2,236,027 shares of the exchange traded fund’s stock valued at $263,001,000 after purchasing an additional 268,992 shares during the period. Finally, World Investment Advisors LLC bought a new stake in iShares Core High Dividend ETF during the 3rd quarter worth approximately $28,952,000.

iShares Core High Dividend ETF Stock Performance

Shares of HDV stock opened at $119.94 on Friday. iShares Core High Dividend ETF has a 52 week low of $104.92 and a 52 week high of $121.70. The company’s 50 day moving average price is $114.23 and its two-hundred day moving average price is $116.50. The company has a market capitalization of $11.33 billion, a P/E 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.