AB US High Dividend ETF $HIDV Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of AB US High Dividend ETF (NYSEARCA:HIDV) by 29.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,117 shares of the company’s stock after purchasing an additional 7,501 shares during the period. Envestnet Asset Management Inc. owned 2.07% of AB US High Dividend ETF worth $2,614,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alliancebernstein L.P. increased its stake in AB US High Dividend ETF by 129.0% in the 2nd quarter. Alliancebernstein L.P. now owns 712,917 shares of the company’s stock valued at $52,264,000 after buying an additional 401,645 shares during the period. Wagner Wealth Management LLC grew its holdings in shares of AB US High Dividend ETF by 1.8% in the 3rd quarter. Wagner Wealth Management LLC now owns 92,110 shares of the company’s stock worth $7,271,000 after acquiring an additional 1,651 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in AB US High Dividend ETF by 34.3% during the second quarter. Osaic Holdings Inc. now owns 4,408 shares of the company’s stock worth $323,000 after purchasing an additional 1,127 shares during the last quarter.

AB US High Dividend ETF Stock Down 0.4%

Shares of HIDV stock opened at $83.09 on Friday. AB US High Dividend ETF has a fifty-two week low of $59.88 and a fifty-two week high of $84.25. The business has a fifty day simple moving average of $82.25 and a 200-day simple moving average of $80.00. The stock has a market cap of $149.56 million, a P/E ratio of 17.91 and a beta of 0.97.

AB US High Dividend ETF Company 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.