iShares Core High Dividend ETF (NYSEARCA:HDV) Hits New 1-Year High – Still a Buy?

iShares Core High Dividend ETF (NYSEARCA:HDV) hit 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. The stock had previously closed at $128.59.

iShares Core High Dividend ETF Stock Performance

The business has a 50-day simple moving average of $123.62 and a 200-day simple moving average of $121.97. The company has a market cap of $12.71 billion, a price-to-earnings ratio of 18.55 and a beta of 0.64.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. PFG Investments LLC increased its position in shares of iShares Core High Dividend ETF by 0.7% in the 4th quarter. PFG Investments LLC now owns 11,718 shares of the exchange traded fund’s stock valued at $1,425,000 after purchasing an additional 80 shares during the last quarter. Beacon Investment Advisory Services Inc. grew its stake in shares of iShares Core High Dividend ETF by 4.3% during the third quarter. Beacon Investment Advisory Services Inc. now owns 2,095 shares of the exchange traded fund’s stock worth $257,000 after purchasing an additional 86 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its stake in shares of iShares Core High Dividend ETF by 0.6% during the second quarter. Jaffetilchin Investment Partners LLC now owns 14,822 shares of the exchange traded fund’s stock worth $1,737,000 after purchasing an additional 91 shares in the last quarter. MCF Advisors LLC increased its holdings in iShares Core High Dividend ETF by 0.7% in the third quarter. MCF Advisors LLC now owns 13,205 shares of the exchange traded fund’s stock valued at $1,617,000 after buying an additional 91 shares during the last quarter. Finally, Forefront Wealth Management Inc. raised its stake in iShares Core High Dividend ETF by 1.3% in the third quarter. Forefront Wealth Management Inc. now owns 7,304 shares of the exchange traded fund’s stock valued at $894,000 after buying an additional 97 shares in 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.