Gerald Baker Financial Group LLC Takes Position in iShares Core High Dividend ETF $HDV

Gerald Baker Financial Group LLC acquired a new stake in iShares Core High Dividend ETF (NYSEARCA:HDV) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,982 shares of the exchange traded fund’s stock, valued at approximately $3,391,000. iShares Core High Dividend ETF accounts for about 1.1% of Gerald Baker Financial Group LLC’s investment portfolio, making the stock its 26th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HDV. Bank of America Corp DE boosted its holdings in iShares Core High Dividend ETF by 3.6% in the 2nd quarter. Bank of America Corp DE now owns 4,501,871 shares of the exchange traded fund’s stock valued at $527,484,000 after purchasing an additional 155,098 shares during the last quarter. Morgan Stanley increased its holdings in shares of iShares Core High Dividend ETF by 1.8% during the 4th quarter. Morgan Stanley now owns 3,380,192 shares of the exchange traded fund’s stock worth $411,065,000 after buying an additional 59,258 shares during the last quarter. LPL Financial LLC increased its holdings in shares of iShares Core High Dividend ETF by 4.0% during the 4th quarter. LPL Financial LLC now owns 2,931,967 shares of the exchange traded fund’s stock worth $356,557,000 after buying an additional 111,853 shares during the last quarter. Auto Owners Insurance Co raised its position in shares of iShares Core High Dividend ETF by 12,061.0% during the 4th quarter. Auto Owners Insurance Co now owns 2,894,318 shares of the exchange traded fund’s stock valued at $35,198,000 after buying an additional 2,870,518 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of iShares Core High Dividend ETF by 12.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,546,611 shares of the exchange traded fund’s stock valued at $188,083,000 after buying an additional 174,193 shares during the period.

iShares Core High Dividend ETF Stock Performance

Shares of iShares Core High Dividend ETF stock opened at $28.36 on Friday. The stock has a 50 day moving average of $27.51 and a 200 day moving average of $26.92. The firm has a market capitalization of $14.24 billion, a price-to-earnings ratio of 18.55 and a beta of 0.53. iShares Core High Dividend ETF has a fifty-two week low of $23.51 and a fifty-two week high of $28.36.

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.