Shulman DeMeo Asset Management LLC Increases Holdings in iShares Core High Dividend ETF $HDV

Shulman DeMeo Asset Management LLC boosted its stake in iShares Core High Dividend ETF (NYSEARCA:HDV) by 382.1% in the 2nd quarter, Holdings Channel reports. The firm owned 163,436 shares of the exchange traded fund’s stock after buying an additional 129,535 shares during the quarter. iShares Core High Dividend ETF accounts for approximately 0.8% of Shulman DeMeo Asset Management LLC’s portfolio, making the stock its 11th biggest position. Shulman DeMeo Asset Management LLC’s holdings in iShares Core High Dividend ETF were worth $4,480,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Rakuten Securities Inc. lifted its stake 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 purchasing an additional 109 shares in the last quarter. Merkkuri Wealth Advisors LLC acquired a new stake in shares of iShares Core High Dividend ETF in the first quarter valued at about $26,000. Laurel Wealth Advisors LLC purchased a new stake in shares of iShares Core High Dividend ETF during the 4th quarter valued at about $28,000. EQ Wealth Advisors LLC purchased a new stake in shares of iShares Core High Dividend ETF during the 4th quarter valued at about $40,000. Finally, Roxbury Financial LLC lifted its position in iShares Core High Dividend ETF by 402.0% during the 2nd quarter. Roxbury Financial LLC now owns 1,797 shares of the exchange traded fund’s stock worth $49,000 after acquiring an additional 1,439 shares in the last quarter.

iShares Core High Dividend ETF Stock Performance

iShares Core High Dividend ETF stock opened at $28.78 on Friday. The firm has a market capitalization of $14.86 billion, a PE ratio of 18.55 and a beta of 0.52. iShares Core High Dividend ETF has a one year low of $23.51 and a one year high of $29.61. The stock’s 50 day moving average price is $27.89 and its 200 day moving average price is $27.34.

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.