Cornerstone Planning LLC Invests $4.57 Million in iShares Core High Dividend ETF $HDV

Cornerstone Planning LLC bought a new position in shares of iShares Core High Dividend ETF (NYSEARCA:HDV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 37,398 shares of the exchange traded fund’s stock, valued at approximately $4,567,000. iShares Core High Dividend ETF comprises approximately 1.0% of Cornerstone Planning LLC’s investment portfolio, making the stock its 28th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Rakuten Securities Inc. raised its stake in shares of iShares Core High Dividend ETF by 101.9% during the 2nd quarter. Rakuten Securities Inc. now owns 216 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 109 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of iShares Core High Dividend ETF in the fourth quarter worth about $28,000. EQ Wealth Advisors LLC purchased a new stake in shares of iShares Core High Dividend ETF in the fourth quarter worth about $40,000. Caitlin John LLC acquired a new stake in iShares Core High Dividend ETF during the third quarter worth about $42,000. Finally, Syntax Research Inc. grew its holdings in iShares Core High Dividend ETF by 151.5% during the fourth quarter. Syntax Research Inc. now owns 415 shares of the exchange traded fund’s stock worth $50,000 after acquiring an additional 250 shares during the period.

iShares Core High Dividend ETF Stock Performance

Shares of HDV stock opened at $26.99 on Friday. The stock has a 50 day moving average of $27.20 and a 200 day moving average of $26.46. The stock has a market cap of $13.37 billion, a P/E ratio of 18.55 and a beta of 0.53. iShares Core High Dividend ETF has a twelve month low of $23.16 and a twelve month high of $28.18.

iShares Core High Dividend ETF 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.