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

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

iShares Core High Dividend ETF Trading Down 0.1%

The stock’s 50 day moving average price is $29.17 and its 200 day moving average price is $28.19. The company has a market capitalization of $15.84 billion, a price-to-earnings ratio of 18.55 and a beta of 0.53.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HDV. Envestnet Asset Management Inc. increased its holdings in shares of iShares Core High Dividend ETF by 415.4% in the second quarter. Envestnet Asset Management Inc. now owns 6,135,794 shares of the exchange traded fund’s stock valued at $168,182,000 after purchasing an additional 4,945,223 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of iShares Core High Dividend ETF by 867.0% during the 2nd quarter. IFP Advisors Inc now owns 1,219,092 shares of the exchange traded fund’s stock worth $33,415,000 after buying an additional 1,093,020 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings 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 buying an additional 920,500 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Core High Dividend ETF by 317.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,080,660 shares of the exchange traded fund’s stock worth $29,621,000 after buying an additional 821,692 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of iShares Core High Dividend ETF by 1,958.5% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 692,567 shares of the exchange traded fund’s stock worth $18,983,000 after buying an additional 658,923 shares during the period.

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.