iShares Core High Dividend ETF (NYSEARCA:HDV) Hits New 12-Month High – Should You Buy?

Shares of iShares Core High Dividend ETF (NYSEARCA:HDV) hit a new 52-week high during trading on Tuesday . The stock traded as high as $124.70 and last traded at $124.9820, with a volume of 53599 shares traded. The stock had previously closed at $123.97.

iShares Core High Dividend ETF Price Performance

The company has a fifty day moving average of $122.19 and a two-hundred day moving average of $121.34. The stock has a market capitalization of $12.29 billion, a P/E ratio of 18.55 and a beta of 0.64.

Hedge Funds Weigh In On iShares Core High Dividend ETF

Several large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of iShares Core High Dividend ETF in the 4th quarter worth about $342,000. AQR Capital Management LLC raised its stake in iShares Core High Dividend ETF by 6.1% during the first quarter. AQR Capital Management LLC now owns 5,047 shares of the exchange traded fund’s stock worth $611,000 after acquiring an additional 292 shares during the period. Goldman Sachs Group Inc. lifted its holdings in iShares Core High Dividend ETF by 8.6% in the first quarter. Goldman Sachs Group Inc. now owns 103,679 shares of the exchange traded fund’s stock worth $12,558,000 after acquiring an additional 8,223 shares during the last quarter. Focus Partners Wealth lifted its holdings in iShares Core High Dividend ETF by 47.8% in the first quarter. Focus Partners Wealth now owns 18,852 shares of the exchange traded fund’s stock worth $2,283,000 after acquiring an additional 6,100 shares during the last quarter. Finally, Everpar Advisors LLC boosted its stake in iShares Core High Dividend ETF by 40.6% in the second quarter. Everpar Advisors LLC now owns 2,609 shares of the exchange traded fund’s stock valued at $306,000 after acquiring an additional 754 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.