iShares Core High Dividend ETF (NYSEARCA:HDV) Reaches New 52-Week High – Should You Buy?

iShares Core High Dividend ETF (NYSEARCA:HDV)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $29.64 and last traded at $29.61, with a volume of 570345 shares changing hands. The stock had previously closed at $29.21.

iShares Core High Dividend ETF Trading Up 1.3%

The company has a market cap of $15.46 billion, a PE ratio of 18.55 and a beta of 0.52. The firm’s 50-day simple moving average is $28.20 and its two-hundred day simple moving average is $27.55.

Institutional Investors Weigh In On iShares Core High Dividend ETF

A number of large investors have recently made changes to their positions in HDV. Auto Owners Insurance Co raised its stake in iShares Core High Dividend ETF by 12,061.0% in the 4th quarter. Auto Owners Insurance Co now owns 2,894,318 shares of the exchange traded fund’s stock worth $35,198,000 after acquiring an additional 2,870,518 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in iShares Core High Dividend ETF by 317.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,080,660 shares of the exchange traded fund’s stock valued at $29,621,000 after purchasing an additional 821,692 shares during the last quarter. Adirondack Capital Advisors LLC grew its stake in iShares Core High Dividend ETF by 418.0% during the 2nd quarter. Adirondack Capital Advisors LLC now owns 570,043 shares of the exchange traded fund’s stock valued at $15,625,000 after purchasing an additional 459,992 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of iShares Core High Dividend ETF by 199.7% in the fourth quarter. BNP Paribas Financial Markets now owns 600,634 shares of the exchange traded fund’s stock valued at $73,043,000 after purchasing an additional 400,223 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in shares of iShares Core High Dividend ETF in the fourth quarter valued at about $28,094,000.

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.