Arax Advisory Partners Invests $3.34 Million in iShares Core High Dividend ETF $HDV

Arax Advisory Partners acquired a new position in shares of iShares Core High Dividend ETF (NYSEARCA:HDV) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,464 shares of the exchange traded fund’s stock, valued at approximately $3,340,000.

Other large investors also recently modified their holdings of the company. Rakuten Securities Inc. increased its position in shares of iShares Core High Dividend ETF by 101.9% during the second quarter. Rakuten Securities Inc. now owns 216 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 109 shares during the period. Laurel Wealth Advisors LLC acquired a new stake in shares of iShares Core High Dividend ETF during the fourth quarter worth $28,000. EQ Wealth Advisors LLC acquired a new stake in shares of iShares Core High Dividend ETF during the fourth quarter worth $40,000. Caitlin John LLC acquired a new stake in shares of iShares Core High Dividend ETF during the third quarter worth $42,000. Finally, Syntax Research Inc. increased its position in shares of 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 buying an additional 250 shares during the period.

iShares Core High Dividend ETF Price Performance

HDV opened at $27.87 on Monday. iShares Core High Dividend ETF has a twelve month low of $23.16 and a twelve month high of $28.18. The company has a fifty day moving average of $27.17 and a 200-day moving average of $26.39. The stock has a market cap of $13.80 billion, a PE 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.