iShares Core High Dividend ETF (NYSEARCA:HDV) Sets New 12-Month High – Here’s Why

iShares Core High Dividend ETF (NYSEARCA:HDV) hit a new 52-week high during trading on Monday . The stock traded as high as $122.50 and last traded at $120.78, with a volume of 525720 shares. The stock had previously closed at $120.26.

iShares Core High Dividend ETF Stock Performance

The stock has a market cap of $11.13 billion, a PE ratio of 19.77 and a beta of 0.82. The firm has a 50-day moving average price of $115.85 and a 200-day moving average price of $116.94.

Hedge Funds Weigh In On iShares Core High Dividend ETF

Several hedge funds have recently added to or reduced their stakes in HDV. Blue Trust Inc. purchased a new stake in iShares Core High Dividend ETF during the 4th quarter worth approximately $25,000. Providence First Trust Co acquired a new stake in shares of iShares Core High Dividend ETF in the fourth quarter worth approximately $30,000. Providence Capital Advisors LLC purchased a new stake in shares of iShares Core High Dividend ETF during the third quarter worth $32,000. Westside Investment Management Inc. raised its holdings in iShares Core High Dividend ETF by 57.1% in the 3rd quarter. Westside Investment Management Inc. now owns 297 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 108 shares during the last quarter. Finally, Roxbury Financial LLC acquired a new position in iShares Core High Dividend ETF during the fourth quarter worth $42,000.

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.