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

iShares Core High Dividend ETF (NYSEARCA:HDV)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $121.49 and last traded at $121.41, with a volume of 21138 shares traded. The stock had previously closed at $120.95.

iShares Core High Dividend ETF Trading Up 0.5 %

The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 13.82 and a beta of 0.55. The firm has a 50 day moving average price of $118.29 and a 200-day moving average price of $114.22.

Institutional Trading of iShares Core High Dividend ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its position in iShares Core High Dividend ETF by 13.7% during the 3rd quarter. LPL Financial LLC now owns 2,236,027 shares of the exchange traded fund’s stock worth $263,001,000 after purchasing an additional 268,992 shares in the last quarter. Commonwealth Equity Services LLC increased its position in iShares Core High Dividend ETF by 0.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 795,914 shares of the exchange traded fund’s stock worth $93,615,000 after purchasing an additional 7,222 shares in the last quarter. M&T Bank Corp increased its position in iShares Core High Dividend ETF by 1.5% during the 3rd quarter. M&T Bank Corp now owns 725,191 shares of the exchange traded fund’s stock worth $85,297,000 after purchasing an additional 10,768 shares in the last quarter. Janney Montgomery Scott LLC increased its position in iShares Core High Dividend ETF by 2.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 680,602 shares of the exchange traded fund’s stock worth $80,052,000 after purchasing an additional 16,649 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in iShares Core High Dividend ETF by 20.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 563,410 shares of the exchange traded fund’s stock worth $61,243,000 after purchasing an additional 94,152 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.