iShares Core High Dividend ETF (NYSEARCA:HDV) Sets New 52-Week High – Here’s Why

Shares of iShares Core High Dividend ETF (NYSEARCA:HDV) hit a new 52-week high during trading on Monday. The company traded as high as $30.58 and last traded at $30.4440, with a volume of 923,444 shares trading hands. The stock had previously closed at $30.42.

iShares Core High Dividend ETF Trading Down 0.6%

The firm has a market capitalization of $15.77 billion, a price-to-earnings ratio of 18.55 and a beta of 0.53. The business has a 50-day moving average price of $29.21 and a two-hundred day moving average price of $27.79.

Institutional Investors Weigh In On iShares Core High Dividend ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in iShares Core High Dividend ETF by 415.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,135,794 shares of the exchange traded fund’s stock worth $168,182,000 after purchasing an additional 4,945,223 shares during the last quarter. IFP Advisors Inc grew its position in shares of iShares Core High Dividend ETF by 867.0% in the 2nd quarter. IFP Advisors Inc now owns 1,219,092 shares of the exchange traded fund’s stock valued at $33,415,000 after purchasing an additional 1,093,020 shares during the period. Allianz Asset Management GmbH grew its stake in shares of iShares Core High Dividend ETF by 201.2% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,377,900 shares of the exchange traded fund’s stock worth $37,768,000 after acquiring an additional 920,500 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in iShares Core High Dividend ETF by 317.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,080,660 shares of the exchange traded fund’s stock valued at $29,621,000 after purchasing an additional 821,692 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in iShares Core High Dividend ETF by 1,958.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 692,567 shares of the exchange traded fund’s stock valued at $18,983,000 after purchasing an additional 658,923 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.