Penobscot Investment Management Company Inc. Increases Stock Holdings in iShares Core High Dividend ETF $HDV

Penobscot Investment Management Company Inc. lifted its stake in iShares Core High Dividend ETF (NYSEARCA:HDV) by 52.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,500 shares of the exchange traded fund’s stock after purchasing an additional 1,550 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in iShares Core High Dividend ETF were worth $527,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Patten & Patten Inc. TN boosted its holdings in shares of iShares Core High Dividend ETF by 3.6% in the 1st quarter. Patten & Patten Inc. TN now owns 7,510 shares of the exchange traded fund’s stock worth $910,000 after purchasing an additional 260 shares during the period. Vision Capital Management Inc. bought a new stake in shares of iShares Core High Dividend ETF during the 2nd quarter worth approximately $210,000. Novem Group lifted its stake in shares of iShares Core High Dividend ETF by 5.3% during the 2nd quarter. Novem Group now owns 2,097 shares of the exchange traded fund’s stock worth $246,000 after acquiring an additional 106 shares during the last quarter. Evergreen Wealth Solutions LLC lifted its stake in shares of iShares Core High Dividend ETF by 13.6% during the 1st quarter. Evergreen Wealth Solutions LLC now owns 2,372 shares of the exchange traded fund’s stock worth $287,000 after acquiring an additional 284 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in shares of iShares Core High Dividend ETF by 12.2% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,808 shares of the exchange traded fund’s stock worth $212,000 after acquiring an additional 197 shares during the last quarter.

iShares Core High Dividend ETF Stock Performance

Shares of HDV stock opened at $122.36 on Friday. iShares Core High Dividend ETF has a 52-week low of $106.00 and a 52-week high of $124.03. The firm has a market capitalization of $11.67 billion, a P/E ratio of 18.55 and a beta of 0.81. The stock has a 50 day moving average price of $121.49 and a 200 day moving average price of $118.10.

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.