iShares Core High Dividend ETF (NYSEARCA:HDV) Reaches New 12-Month High – Should You Buy?

iShares Core High Dividend ETF (NYSEARCA:HDV) shares reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $30.16 and last traded at $29.9450, with a volume of 578,151 shares traded. The stock had previously closed at $29.82.

iShares Core High Dividend ETF Trading Up 0.7%

The company has a market cap of $15.61 billion, a PE ratio of 18.55 and a beta of 0.53. The business has a fifty day moving average of $29.08 and a 200-day moving average of $28.09.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Tred Avon Family Wealth LLC lifted its holdings in iShares Core High Dividend ETF by 256.5% in the third quarter. Tred Avon Family Wealth LLC now owns 26,628 shares of the exchange traded fund’s stock worth $745,000 after buying an additional 19,159 shares during the period. CFS Investment Advisory Services LLC boosted its holdings in iShares Core High Dividend ETF by 1.2% in the third quarter. CFS Investment Advisory Services LLC now owns 33,944 shares of the exchange traded fund’s stock worth $963,000 after acquiring an additional 394 shares in the last quarter. Ridgecrest Wealth Partners LLC boosted its stake in iShares Core High Dividend ETF by 1.0% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 96,328 shares of the exchange traded fund’s stock worth $2,693,000 after purchasing an additional 971 shares in the last quarter. Fairvoy Private Wealth LLC purchased a new stake in shares of iShares Core High Dividend ETF during the third quarter valued at approximately $200,000. Finally, Cornell Pochily Investment Advisors Inc. boosted its stake in iShares Core High Dividend ETF by 3.5% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 52,201 shares of the exchange traded fund’s stock valued at $1,460,000 after purchasing an additional 1,780 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.