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

iShares Core High Dividend ETF (NYSEARCA:HDV) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $140.14 and last traded at $140.0350, with a volume of 506683 shares changing hands. The stock had previously closed at $138.42.

iShares Core High Dividend ETF Trading Up 1.2%

The stock’s fifty day moving average price is $129.68 and its 200 day moving average price is $124.52. The stock has a market cap of $13.60 billion, a P/E ratio of 18.55 and a beta of 0.64.

Hedge Funds Weigh In On iShares Core High Dividend ETF

A number of hedge funds and other institutional investors have recently modified their holdings of HDV. Rakuten Securities Inc. lifted its position in iShares Core High Dividend ETF by 101.9% in the 2nd quarter. Rakuten Securities Inc. now owns 216 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 109 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in shares of iShares Core High Dividend ETF during the fourth quarter worth approximately $28,000. EPG Wealth Management LLC bought a new stake in shares of iShares Core High Dividend ETF in the 3rd quarter worth approximately $40,000. EQ Wealth Advisors LLC bought a new stake in shares of iShares Core High Dividend ETF in the 4th quarter worth approximately $40,000. Finally, Caitlin John LLC purchased a new stake in shares of iShares Core High Dividend ETF in the 3rd quarter valued at $42,000.

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.