Envestnet Asset Management Inc. Sells 2,790,108 Shares of iShares Core High Dividend ETF (NYSEARCA:HDV)

Envestnet Asset Management Inc. decreased its holdings in iShares Core High Dividend ETF (NYSEARCA:HDV) by 80.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 697,877 shares of the exchange traded fund’s stock after selling 2,790,108 shares during the period. Envestnet Asset Management Inc. owned about 0.74% of iShares Core High Dividend ETF worth $78,344,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. bought a new stake in iShares Core High Dividend ETF in the 4th quarter worth about $25,000. Providence First Trust Co bought a new stake in shares of iShares Core High Dividend ETF in the fourth quarter worth approximately $30,000. Westside Investment Management Inc. raised its holdings in shares of iShares Core High Dividend ETF by 57.1% during the third quarter. Westside Investment Management Inc. now owns 297 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 108 shares during the last quarter. Roxbury Financial LLC bought a new position in iShares Core High Dividend ETF during the fourth quarter valued at approximately $42,000. Finally, YANKCOM Partnership bought a new position in iShares Core High Dividend ETF during the fourth quarter valued at approximately $45,000.

iShares Core High Dividend ETF Trading Down 1.4 %

NYSEARCA:HDV opened at $108.41 on Wednesday. The company has a market cap of $10.20 billion, a PE ratio of 19.62 and a beta of 0.71. The company has a 50 day simple moving average of $117.67 and a two-hundred day simple moving average of $116.94. iShares Core High Dividend ETF has a 12 month low of $105.65 and a 12 month high of $122.50.

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.