iShares Core High Dividend ETF (NYSEARCA:HDV) Reaches New 12-Month High – Still a Buy?

iShares Core High Dividend ETF (NYSEARCA:HDV)’s stock price hit a new 52-week high on Thursday . The company traded as high as $28.33 and last traded at $28.33, with a volume of 3523140 shares traded. The stock had previously closed at $27.65.

iShares Core High Dividend ETF Stock Performance

The stock has a market cap of $14.24 billion, a price-to-earnings ratio of 18.55 and a beta of 0.53. The company has a 50-day moving average of $27.49 and a 200-day moving average of $26.89.

Hedge Funds Weigh In On iShares Core High Dividend ETF

A number of large investors have recently bought and sold shares of HDV. Merkkuri Wealth Advisors LLC acquired a new position in iShares Core High Dividend ETF during the first quarter worth $26,000. Rakuten Securities Inc. increased its stake in shares of iShares Core High Dividend ETF by 101.9% during the 2nd quarter. Rakuten Securities Inc. now owns 216 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 109 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of iShares Core High Dividend ETF in the fourth quarter worth $28,000. EQ Wealth Advisors LLC acquired a new position in iShares Core High Dividend ETF in the 4th quarter valued at about $40,000. Finally, Syntax Research Inc. raised its position in shares of iShares Core High Dividend ETF by 151.5% in the fourth quarter. Syntax Research Inc. now owns 415 shares of the exchange traded fund’s stock valued at $50,000 after buying an additional 250 shares during the last quarter.

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.