iShares Core High Dividend ETF (NYSEARCA:HDV) Hits New 52-Week High – Should You Buy?

iShares Core High Dividend ETF (NYSEARCA:HDV – Get Free Report)’s share price reached a new 52-week high during trading on Thursday. The stock traded as high as $31.37 and last traded at $31.3960, with a volume of 386,150 shares. The stock had previously closed at $31.07.

iShares Core High Dividend ETF Price Performance

The company has a market capitalization of $16.44 billion, a price-to-earnings ratio of 18.55 and a beta of 0.51. The stock has a fifty day simple moving average of $29.33 and a 200-day simple moving average of $27.96.

Hedge Funds Weigh In On iShares Core High Dividend ETF

Several large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in shares of iShares Core High Dividend ETF by 415.4% during the second quarter. Envestnet Asset Management Inc. now owns 6,135,794 shares of the exchange traded fund’s stock valued at $168,182,000 after buying an additional 4,945,223 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of iShares Core High Dividend ETF by 201.2% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,377,900 shares of the exchange traded fund’s stock worth $37,768,000 after acquiring an additional 920,500 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of iShares Core High Dividend ETF by 2.4% in the 1st quarter. Royal Bank of Canada now owns 1,282,003 shares of the exchange traded fund’s stock worth $173,992,000 after acquiring an additional 30,442 shares during the last quarter. IFP Advisors Inc lifted its position in iShares Core High Dividend ETF by 867.0% in the 2nd quarter. IFP Advisors Inc now owns 1,219,092 shares of the exchange traded fund’s stock valued at $33,415,000 after acquiring an additional 1,093,020 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in shares of iShares Core High Dividend ETF by 1.9% in the third quarter. SBI Securities Co. Ltd. now owns 1,203,042 shares of the exchange traded fund’s stock worth $33,637,000 after purchasing an additional 22,220 shares during the last quarter.

iShares Core High Dividend ETF Company Profile

(Get Free Report)

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.

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