Summit Investment Advisory Services LLC Has $961,000 Stock Position in iShares Core High Dividend ETF (NYSEARCA:HDV)

Summit Investment Advisory Services LLC cut its stake in shares of iShares Core High Dividend ETF (NYSEARCA:HDV) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,559 shares of the exchange traded fund’s stock after selling 90 shares during the quarter. iShares Core High Dividend ETF accounts for 0.5% of Summit Investment Advisory Services LLC’s investment portfolio, making the stock its 25th biggest position. Summit Investment Advisory Services LLC’s holdings in iShares Core High Dividend ETF were worth $961,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Providence Capital Advisors LLC bought a new position in shares of iShares Core High Dividend ETF in the third quarter valued at $32,000. Westside Investment Management Inc. lifted its stake in iShares Core High Dividend ETF by 57.1% in the third quarter. Westside Investment Management Inc. now owns 297 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 108 shares during the last quarter. McClarren Financial Advisors Inc. grew its position in shares of iShares Core High Dividend ETF by 53.5% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 333 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 116 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of iShares Core High Dividend ETF by 28.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 435 shares of the exchange traded fund’s stock worth $49,000 after purchasing an additional 97 shares during the last quarter. Finally, Tompkins Financial Corp bought a new stake in shares of iShares Core High Dividend ETF in the 3rd quarter valued at about $53,000.

iShares Core High Dividend ETF Stock Performance

iShares Core High Dividend ETF stock opened at $114.44 on Friday. The stock has a 50-day simple moving average of $115.36 and a 200 day simple moving average of $115.98. The stock has a market capitalization of $10.81 billion, a P/E ratio of 13.82 and a beta of 0.55. iShares Core High Dividend ETF has a 52 week low of $102.31 and a 52 week high of $121.70.

iShares Core High Dividend ETF Company 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.