Riggs Capital Management LLC Takes $4.26 Million Position in iShares Core High Dividend ETF (NYSEARCA:HDV)

Riggs Capital Management LLC acquired a new position in iShares Core High Dividend ETF (NYSEARCA:HDV) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 37,974 shares of the exchange traded fund’s stock, valued at approximately $4,263,000. iShares Core High Dividend ETF accounts for about 4.2% of Riggs Capital Management LLC’s portfolio, making the stock its 4th largest holding.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. bought a new stake in shares of iShares Core High Dividend ETF during the fourth quarter worth $25,000. Providence First Trust Co acquired a new stake in iShares Core High Dividend ETF in the fourth quarter worth about $30,000. Westside Investment Management Inc. raised 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 acquired a new position in iShares Core High Dividend ETF during the 4th quarter valued at about $42,000. Finally, YANKCOM Partnership bought a new position in shares of iShares Core High Dividend ETF in the 4th quarter valued at about $45,000.

iShares Core High Dividend ETF Price Performance

HDV opened at $119.48 on Monday. The firm has a 50 day simple moving average of $117.66 and a 200 day simple moving average of $117.10. iShares Core High Dividend ETF has a fifty-two week low of $105.65 and a fifty-two week high of $122.50. The company has a market cap of $11.05 billion, a price-to-earnings ratio of 19.30 and a beta of 0.79.

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.