iShares Core High Dividend ETF (NYSEARCA:HDV) Hits New 1-Year High – Time to Buy?

iShares Core High Dividend ETF (NYSEARCA:HDV)’s stock price hit a new 52-week high on Monday . The company traded as high as $124.19 and last traded at $123.7420, with a volume of 44583 shares. The stock had previously closed at $124.02.

iShares Core High Dividend ETF Stock Performance

The company has a market cap of $11.69 billion, a P/E ratio of 18.55 and a beta of 0.64. The firm has a 50 day moving average price of $121.43 and a 200-day moving average price of $119.96.

Hedge Funds Weigh In On iShares Core High Dividend ETF

A number of institutional investors have recently modified their holdings of the company. Brighton Jones LLC acquired a new position in iShares Core High Dividend ETF in the 4th quarter valued at $342,000. Banque Cantonale Vaudoise acquired a new stake in iShares Core High Dividend ETF in the 1st quarter valued at approximately $39,000. TIAA Trust National Association increased its position in iShares Core High Dividend ETF by 38.6% in the 1st quarter. TIAA Trust National Association now owns 3,198 shares of the exchange traded fund’s stock worth $387,000 after buying an additional 890 shares during the period. IFG Advisory LLC lifted its holdings in shares of iShares Core High Dividend ETF by 1.7% during the first quarter. IFG Advisory LLC now owns 29,785 shares of the exchange traded fund’s stock worth $3,608,000 after buying an additional 502 shares during the last quarter. Finally, Cheviot Value Management LLC acquired a new position in shares of iShares Core High Dividend ETF during the first quarter worth approximately $107,000.

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.