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

iShares Core High Dividend ETF (NYSEARCA:HDV) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $28.29 and last traded at $28.25, with a volume of 505055 shares changing hands. The stock had previously closed at $27.70.

iShares Core High Dividend ETF Price Performance

The firm has a market cap of $14.11 billion, a PE ratio of 18.55 and a beta of 0.53. The business’s 50 day moving average price is $27.38 and its 200 day moving average price is $26.72.

Hedge Funds Weigh In On iShares Core High Dividend ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC purchased a new position in iShares Core High Dividend ETF in the 4th quarter valued at $342,000. AQR Capital Management LLC boosted its stake in iShares Core High Dividend ETF by 6.1% during the 1st quarter. AQR Capital Management LLC now owns 5,047 shares of the exchange traded fund’s stock worth $611,000 after purchasing an additional 292 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of iShares Core High Dividend ETF by 8.6% during the first quarter. Goldman Sachs Group Inc. now owns 103,679 shares of the exchange traded fund’s stock worth $12,558,000 after buying an additional 8,223 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of iShares Core High Dividend ETF by 10.9% during the second quarter. Baird Financial Group Inc. now owns 25,693 shares of the exchange traded fund’s stock worth $3,010,000 after buying an additional 2,517 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of iShares Core High Dividend ETF by 10.8% in the second quarter. NewEdge Advisors LLC now owns 30,413 shares of the exchange traded fund’s stock valued at $3,563,000 after buying an additional 2,954 shares during 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.