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

iShares Core High Dividend ETF (NYSEARCA:HDV) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $28.29 and last traded at $28.25, with a volume of 505055 shares trading hands. The stock had previously closed at $27.70.

iShares Core High Dividend ETF Trading Up 2.2%

The stock’s fifty day simple moving average is $27.38 and its 200 day simple moving average is $26.72. The company has a market cap of $14.11 billion, a price-to-earnings ratio of 18.55 and a beta of 0.53.

Hedge Funds Weigh In On iShares Core High Dividend ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HDV. CGN Advisors LLC grew its holdings in iShares Core High Dividend ETF by 402.6% in the 2nd quarter. CGN Advisors LLC now owns 22,080 shares of the exchange traded fund’s stock valued at $605,000 after buying an additional 17,687 shares in the last quarter. PPS&V Asset Management Consultants Inc. raised its holdings in shares of iShares Core High Dividend ETF by 400.0% during the 2nd quarter. PPS&V Asset Management Consultants Inc. now owns 29,011 shares of the exchange traded fund’s stock worth $795,000 after acquiring an additional 23,209 shares during the period. CoreCap Advisors LLC raised its holdings in shares of iShares Core High Dividend ETF by 391.0% during the 2nd quarter. CoreCap Advisors LLC now owns 56,087 shares of the exchange traded fund’s stock worth $1,537,000 after acquiring an additional 44,663 shares during the period. RDA Financial Network boosted its position in shares of iShares Core High Dividend ETF by 397.0% during the 2nd quarter. RDA Financial Network now owns 69,838 shares of the exchange traded fund’s stock valued at $1,914,000 after acquiring an additional 55,787 shares during the last quarter. Finally, Collective Family Office LLC boosted its position in shares of iShares Core High Dividend ETF by 390.6% during the 2nd quarter. Collective Family Office LLC now owns 67,650 shares of the exchange traded fund’s stock valued at $1,854,000 after acquiring an additional 53,860 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.