iShares Core High Dividend ETF (NYSEARCA:HDV) Sets New 52-Week High – Here’s Why

iShares Core High Dividend ETF (NYSEARCA:HDV – Get Free Report) shares hit a new 52-week high during trading on Tuesday. The company traded as high as $30.16 and last traded at $29.9450, with a volume of 578,151 shares changing hands. The stock had previously closed at $29.82.

iShares Core High Dividend ETF Trading Up 0.7%

The company has a market cap of $15.61 billion, a price-to-earnings ratio of 18.55 and a beta of 0.53. The firm’s 50-day moving average price is $29.08 and its 200 day moving average price is $28.09.

Institutional Investors Weigh In On iShares Core High Dividend ETF

A number of hedge funds have recently added to or reduced their stakes in HDV. Tidal Investments LLC purchased a new stake in shares of iShares Core High Dividend ETF during the 2nd quarter valued at $2,897,000. Corient Private Wealth LLC lifted its stake in shares of iShares Core High Dividend ETF by 195.8% during the 4th quarter. Corient Private Wealth LLC now owns 130,068 shares of the exchange traded fund’s stock valued at $15,818,000 after buying an additional 86,089 shares in the last quarter. RFG Advisory LLC boosted its holdings in shares of iShares Core High Dividend ETF by 366.5% in the second quarter. RFG Advisory LLC now owns 24,715 shares of the exchange traded fund’s stock worth $677,000 after acquiring an additional 19,417 shares during the period. Sequoia Financial Advisors LLC grew its stake in iShares Core High Dividend ETF by 363.2% during the second quarter. Sequoia Financial Advisors LLC now owns 47,889 shares of the exchange traded fund’s stock valued at $1,313,000 after acquiring an additional 37,551 shares in the last quarter. Finally, WorthPointe LLC bought a new position in iShares Core High Dividend ETF in the 2nd quarter worth about $638,000.

About iShares Core High Dividend ETF

(Get Free Report)

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.

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