iShares Core High Dividend ETF (NYSEARCA:HDV) Hits New 1-Year High – Should You Buy?

iShares Core High Dividend ETF (NYSEARCA:HDV) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $119.96 and last traded at $119.93, with a volume of 75412 shares changing hands. The stock had previously closed at $118.79.

iShares Core High Dividend ETF Trading Up 1.3 %

The stock has a fifty day simple moving average of $118.11 and a 200-day simple moving average of $113.95. The stock has a market cap of $11.36 billion, a price-to-earnings ratio of 13.82 and a beta of 0.55.

Hedge Funds Weigh In On iShares Core High Dividend ETF

Several institutional investors have recently bought and sold shares of HDV. Meiji Yasuda Life Insurance Co increased its stake in shares of iShares Core High Dividend ETF by 19.7% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 3,008,172 shares of the exchange traded fund’s stock valued at $331,531,000 after buying an additional 495,944 shares during the period. LPL Financial LLC lifted its holdings in iShares Core High Dividend ETF by 13.7% during the third quarter. LPL Financial LLC now owns 2,236,027 shares of the exchange traded fund’s stock worth $263,001,000 after acquiring an additional 268,992 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in iShares Core High Dividend ETF by 0.9% during the third quarter. Commonwealth Equity Services LLC now owns 795,914 shares of the exchange traded fund’s stock worth $93,615,000 after acquiring an additional 7,222 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of iShares Core High Dividend ETF by 1.5% in the third quarter. M&T Bank Corp now owns 725,191 shares of the exchange traded fund’s stock valued at $85,297,000 after purchasing an additional 10,768 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of iShares Core High Dividend ETF by 2.5% in the third quarter. Janney Montgomery Scott LLC now owns 680,602 shares of the exchange traded fund’s stock valued at $80,052,000 after purchasing an additional 16,649 shares in the last quarter.

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.