Flputnam Investment Management Co. Invests $434,000 in iShares Core High Dividend ETF (NYSEARCA:HDV)

Flputnam Investment Management Co. purchased a new stake in shares of iShares Core High Dividend ETF (NYSEARCA:HDV) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 3,864 shares of the exchange traded fund’s stock, valued at approximately $434,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new stake in shares of iShares Core High Dividend ETF during the fourth quarter valued at about $25,000. Providence Capital Advisors LLC acquired a new stake in iShares Core High Dividend ETF during the 3rd quarter valued at approximately $32,000. Westside Investment Management Inc. increased its holdings in iShares Core High Dividend ETF by 57.1% during the 3rd quarter. Westside Investment Management Inc. now owns 297 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 108 shares during the last quarter. Roxbury Financial LLC purchased a new stake in iShares Core High Dividend ETF during the 4th quarter worth approximately $42,000. Finally, YANKCOM Partnership acquired a new position in shares of iShares Core High Dividend ETF in the 4th quarter valued at approximately $45,000.

iShares Core High Dividend ETF Trading Down 0.2 %

HDV stock opened at $120.44 on Tuesday. The firm has a 50 day simple moving average of $115.16 and a 200-day simple moving average of $116.81. The company has a market capitalization of $11.10 billion, a P/E ratio of 19.77 and a beta of 0.82. iShares Core High Dividend ETF has a twelve month low of $105.47 and a twelve month 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.