Envestnet Asset Management Inc. Makes New Investment in AB US High Dividend ETF $HIDV

Envestnet Asset Management Inc. bought a new position in shares of AB US High Dividend ETF (NYSEARCA:HIDV) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 25,616 shares of the company’s stock, valued at approximately $1,878,000.

A number of other large investors have also recently made changes to their positions in HIDV. Laraway Financial Advisors Inc bought a new position in shares of AB US High Dividend ETF in the first quarter worth about $201,000. Wagner Wealth Management LLC lifted its holdings in AB US High Dividend ETF by 4.3% during the 2nd quarter. Wagner Wealth Management LLC now owns 90,459 shares of the company’s stock valued at $6,632,000 after buying an additional 3,738 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in AB US High Dividend ETF by 54.5% in the 1st quarter. Alliancebernstein L.P. now owns 311,272 shares of the company’s stock valued at $21,580,000 after buying an additional 109,807 shares during the period.

AB US High Dividend ETF Price Performance

Shares of HIDV stock opened at $77.82 on Wednesday. The company has a market capitalization of $124.51 million, a P/E ratio of 17.91 and a beta of 0.97. The company’s 50-day simple moving average is $78.86 and its two-hundred day simple moving average is $75.48. AB US High Dividend ETF has a one year low of $59.88 and a one year high of $80.60.

AB US High Dividend ETF Profile

The AB US High Dividend ETF (HIDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed fund of high dividend-paying companies. Selection is based on a proprietary systemic approach of large- and mid-cap US stocks. HIDV was launched on Mar 22, 2023 and is managed by AllianceBernstein.