iShares Core High Dividend ETF (NYSEARCA:HDV) Reaches New 52-Week High – Here’s What Happened

Shares of iShares Core High Dividend ETF (NYSEARCA:HDV) reached a new 52-week high on Tuesday . The stock traded as high as $129.41 and last traded at $129.20, with a volume of 378442 shares trading hands. The stock had previously closed at $128.59.

iShares Core High Dividend ETF Stock Up 0.5%

The stock has a market capitalization of $12.59 billion, a P/E ratio of 18.55 and a beta of 0.64. The stock’s 50 day moving average price is $123.27 and its 200-day moving average price is $121.84.

Institutional Investors Weigh In On iShares Core High Dividend ETF

A number of hedge funds have recently made changes to their positions in HDV. Rakuten Securities Inc. grew its stake in iShares Core High Dividend ETF by 101.9% in the second quarter. Rakuten Securities Inc. now owns 216 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 109 shares during the last quarter. MB Levis & Associates LLC purchased a new position in shares of iShares Core High Dividend ETF in the 2nd quarter worth approximately $26,000. EPG Wealth Management LLC purchased a new position in shares of iShares Core High Dividend ETF in the 3rd quarter worth approximately $40,000. Caitlin John LLC bought a new position in shares of iShares Core High Dividend ETF during the 3rd quarter worth approximately $42,000. Finally, Rossmore Private Capital purchased a new stake in iShares Core High Dividend ETF during the third quarter valued at approximately $43,000.

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.