iShares Core High Dividend ETF (NYSEARCA:HDV) Hits New 12-Month High – Should You Buy?

Shares of iShares Core High Dividend ETF (NYSEARCA:HDV) hit a new 52-week high on Wednesday . The company traded as high as $127.35 and last traded at $127.24, with a volume of 384968 shares trading hands. The stock had previously closed at $126.45.

iShares Core High Dividend ETF Stock Performance

The stock has a market capitalization of $12.54 billion, a PE ratio of 18.55 and a beta of 0.64. The firm has a 50 day moving average of $123.12 and a 200-day moving average of $121.75.

Institutional Trading of iShares Core High Dividend ETF

Several institutional investors have recently made changes to their positions in the stock. 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 in the last quarter. MB Levis & Associates LLC acquired a new position in shares of iShares Core High Dividend ETF in the second quarter worth $26,000. EPG Wealth Management LLC acquired a new position in shares of iShares Core High Dividend ETF in the third quarter worth $40,000. Caitlin John LLC purchased a new stake in shares of iShares Core High Dividend ETF during the third quarter worth $42,000. Finally, Rossmore Private Capital purchased a new stake in shares of iShares Core High Dividend ETF during 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.