iShares Core High Dividend ETF (NYSEARCA:HDV) Sets New 52-Week High – Time to Buy?

Shares of iShares Core High Dividend ETF (NYSEARCA:HDV) hit a new 52-week high during trading on Monday . The stock traded as high as $122.50 and last traded at $120.78, with a volume of 525720 shares. The stock had previously closed at $120.26.

iShares Core High Dividend ETF Trading Down 1.0 %

The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 19.77 and a beta of 0.82. The stock’s 50 day moving average is $116.10 and its 200 day moving average is $116.96.

Institutional Investors Weigh In On iShares Core High Dividend ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jefferies Financial Group Inc. grew its stake in shares of iShares Core High Dividend ETF by 6.6% during the fourth quarter. Jefferies Financial Group Inc. now owns 34,024 shares of the exchange traded fund’s stock worth $3,820,000 after buying an additional 2,110 shares during the last quarter. Heck Capital Advisors LLC bought a new position in iShares Core High Dividend ETF in the fourth quarter worth approximately $999,000. Liberty Square Wealth Partners LLC acquired a new position in shares of iShares Core High Dividend ETF during the fourth quarter valued at about $2,115,000. Ameriflex Group Inc. bought a new position in shares of iShares Core High Dividend ETF in the fourth quarter valued at approximately $50,000. Finally, Vermillion Wealth Management Inc. purchased a new position in iShares Core High Dividend ETF during the fourth quarter worth about $45,000.

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.