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

iShares Core High Dividend ETF (NYSEARCA:HDV) reached a new 52-week high during trading on Thursday. The company traded as high as $31.37 and last traded at $31.3960, with a volume of 386,150 shares trading hands. The stock had previously closed at $31.07.

iShares Core High Dividend ETF Stock Performance

The firm has a 50 day simple moving average of $29.33 and a two-hundred day simple moving average of $27.96. The firm has a market capitalization of $16.44 billion, a P/E ratio of 18.55 and a beta of 0.51.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Stephens Inc. AR increased its stake in iShares Core High Dividend ETF by 2.2% in the 1st quarter. Stephens Inc. AR now owns 6,398 shares of the exchange traded fund’s stock valued at $868,000 after buying an additional 140 shares during the last quarter. Signal Advisors Wealth LLC grew its stake in iShares Core High Dividend ETF by 1.7% in the 3rd quarter. Signal Advisors Wealth LLC now owns 20,275 shares of the exchange traded fund’s stock valued at $567,000 after purchasing an additional 345 shares during the period. Sigma Planning Corp grew its stake in iShares Core High Dividend ETF by 0.7% in the 1st quarter. Sigma Planning Corp now owns 57,188 shares of the exchange traded fund’s stock valued at $7,762,000 after purchasing an additional 371 shares during the period. Centaurus Financial Inc. increased its position in shares of iShares Core High Dividend ETF by 37.1% during the 1st quarter. Centaurus Financial Inc. now owns 1,387 shares of the exchange traded fund’s stock valued at $188,000 after purchasing an additional 375 shares during the last quarter. Finally, CFS Investment Advisory Services LLC increased its position in shares of iShares Core High Dividend ETF by 1.2% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 33,944 shares of the exchange traded fund’s stock valued at $963,000 after purchasing an additional 394 shares during the last quarter.

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.