iShares Core High Dividend ETF (NYSEARCA:HDV) Sets New 1-Year High – Here’s Why

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 $29.64 and last traded at $29.61, with a volume of 570345 shares traded. The stock had previously closed at $29.21.

iShares Core High Dividend ETF Price Performance

The stock’s 50 day simple moving average is $28.12 and its two-hundred day simple moving average is $27.50. The stock has a market capitalization of $15.28 billion, a PE ratio of 18.55 and a beta of 0.52.

Hedge Funds Weigh In On iShares Core High Dividend ETF

Institutional investors have recently bought and sold shares of the company. Auto Owners Insurance Co increased its position in iShares Core High Dividend ETF by 12,061.0% in the fourth quarter. Auto Owners Insurance Co now owns 2,894,318 shares of the exchange traded fund’s stock worth $35,198,000 after buying an additional 2,870,518 shares during the last quarter. Adirondack Capital Advisors LLC lifted its position in shares of 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 buying an additional 459,992 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of iShares Core High Dividend ETF by 199.7% during the 4th quarter. BNP Paribas Financial Markets now owns 600,634 shares of the exchange traded fund’s stock valued at $73,043,000 after buying an additional 400,223 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of iShares Core High Dividend ETF during the 4th quarter worth $28,094,000. Finally, Corient Private Wealth LP grew its stake in shares of iShares Core High Dividend ETF by 423.8% during the 2nd quarter. Corient Private Wealth LP now owns 250,302 shares of the exchange traded fund’s stock worth $6,860,000 after acquiring an additional 202,519 shares during the period.

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.