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

Shares of iShares Core High Dividend ETF (NYSEARCA:HDV) hit a new 52-week high during trading on Wednesday . The stock traded as high as $119.77 and last traded at $119.33, with a volume of 34499 shares traded. The stock had previously closed at $118.02.

iShares Core High Dividend ETF Price Performance

The stock’s 50 day simple moving average is $117.86 and its two-hundred day simple moving average is $113.22. The stock has a market capitalization of $11.27 billion, a PE ratio of 13.82 and a beta of 0.55.

Institutional Trading of iShares Core High Dividend ETF

A number of large investors have recently bought and sold shares of the company. Meiji Yasuda Life Insurance Co increased its holdings in 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 worth $331,531,000 after acquiring an additional 495,944 shares during the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of iShares Core High Dividend ETF by 2,283.8% during the 2nd quarter. Strategic Financial Concepts LLC now owns 379,398 shares of the exchange traded fund’s stock valued at $412,000 after buying an additional 363,482 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in iShares Core High Dividend ETF by 13,316.2% in the 3rd quarter. International Assets Investment Management LLC now owns 281,875 shares of the exchange traded fund’s stock worth $33,154,000 after buying an additional 279,774 shares during the period. Cetera Investment Advisers grew its stake in iShares Core High Dividend ETF by 434.8% in the 1st quarter. Cetera Investment Advisers now owns 321,188 shares of the exchange traded fund’s stock valued at $35,398,000 after buying an additional 261,132 shares in the last quarter. Finally, Principal Securities Inc. lifted its position in shares of iShares Core High Dividend ETF by 705.5% during the third quarter. Principal Securities Inc. now owns 192,255 shares of the exchange traded fund’s stock worth $22,613,000 after acquiring an additional 168,388 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.