iShares Core High Dividend ETF (NYSEARCA:HDV) Sets New 1-Year High – Still a Buy?

iShares Core High Dividend ETF (NYSEARCA:HDV) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $129.41 and last traded at $129.20, with a volume of 378442 shares. The stock had previously closed at $128.59.

iShares Core High Dividend ETF Stock Performance

The firm has a fifty day moving average price of $123.27 and a 200 day moving average price of $121.84. The stock has a market cap of $12.59 billion, a PE ratio of 18.55 and a beta of 0.64.

Institutional Investors Weigh In On iShares Core High Dividend ETF

Several institutional investors have recently added to or reduced their stakes in HDV. Rakuten Securities Inc. increased its holdings in shares of iShares Core High Dividend ETF by 101.9% during the second quarter. Rakuten Securities Inc. now owns 216 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 109 shares in the last quarter. MB Levis & Associates LLC purchased a new stake in iShares Core High Dividend ETF during the 2nd quarter worth approximately $26,000. EPG Wealth Management LLC purchased a new stake in iShares Core High Dividend ETF during the 3rd quarter worth approximately $40,000. Caitlin John LLC acquired a new position in iShares Core High Dividend ETF during the 3rd quarter valued at approximately $42,000. Finally, Rossmore Private Capital purchased a new position in shares of iShares Core High Dividend ETF in the third quarter worth $43,000.

iShares Core High Dividend ETF Company Profile

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.