iShares Core High Dividend ETF (NYSEARCA:HDV) Hits New 1-Year High – Here’s What Happened

iShares Core High Dividend ETF (NYSEARCA:HDV) shares hit a new 52-week high on Monday . The stock traded as high as $28.92 and last traded at $28.91, with a volume of 1573689 shares. The stock had previously closed at $28.75.

iShares Core High Dividend ETF Stock Up 1.4%

The stock has a market cap of $14.74 billion, a PE ratio of 18.55 and a beta of 0.53. The stock has a fifty day moving average of $27.71 and a 200-day moving average of $27.15.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Rakuten Securities Inc. lifted its holdings in shares of iShares Core High Dividend ETF by 101.9% during the second quarter. Rakuten Securities Inc. now owns 216 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 109 shares during the period. Merkkuri Wealth Advisors LLC acquired a new position in iShares Core High Dividend ETF in the 1st quarter valued at $26,000. Laurel Wealth Advisors LLC purchased a new position in iShares Core High Dividend ETF during the 4th quarter worth $28,000. Financial Management Professionals Inc. raised its position in iShares Core High Dividend ETF by 400.0% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,250 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 1,000 shares during the last quarter. Finally, EQ Wealth Advisors LLC acquired a new stake in shares of iShares Core High Dividend ETF in the 4th quarter worth $40,000.

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.