iShares Core High Dividend ETF (NYSEARCA:HDV) Sets New 12-Month High – Here’s What Happened

iShares Core High Dividend ETF (NYSEARCA:HDV) reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as $31.37 and last traded at $31.3960, with a volume of 386,150 shares trading hands. The stock had previously closed at $31.07.

iShares Core High Dividend ETF Stock Performance

The stock has a market cap of $16.06 billion, a P/E ratio of 18.55 and a beta of 0.51. The stock’s fifty day moving average is $29.36 and its 200 day moving average is $28.01.

Hedge Funds Weigh In On iShares Core High Dividend ETF

Several hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its holdings in iShares Core High Dividend ETF by 415.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,135,794 shares of the exchange traded fund’s stock worth $168,182,000 after acquiring an additional 4,945,223 shares during the period. Allianz Asset Management GmbH increased its position in shares of iShares Core High Dividend ETF by 201.2% in the second quarter. Allianz Asset Management GmbH now owns 1,377,900 shares of the exchange traded fund’s stock worth $37,768,000 after purchasing an additional 920,500 shares during the last quarter. Royal Bank of Canada raised its holdings in iShares Core High Dividend ETF by 2.4% in the 1st quarter. Royal Bank of Canada now owns 1,282,003 shares of the exchange traded fund’s stock worth $173,992,000 after purchasing an additional 30,442 shares in the last quarter. IFP Advisors Inc raised its stake in shares of iShares Core High Dividend ETF by 867.0% in the second quarter. IFP Advisors Inc now owns 1,219,092 shares of the exchange traded fund’s stock worth $33,415,000 after purchasing an additional 1,093,020 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in iShares Core High Dividend ETF by 1.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,203,042 shares of the exchange traded fund’s stock valued at $33,637,000 after purchasing an additional 22,220 shares during the period.

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.