iShares Core High Dividend ETF (NYSEARCA:HDV) Sees Strong Trading Volume – Time to Buy?

Shares of iShares Core High Dividend ETF (NYSEARCA:HDV) saw unusually-strong trading volume on Tuesday . Approximately 263,917 shares changed hands during trading, a decline of 41% from the previous session’s volume of 447,459 shares.The stock last traded at $113.83 and had previously closed at $113.32.

iShares Core High Dividend ETF Stock Performance

The firm has a market capitalization of $10.54 billion, a price-to-earnings ratio of 19.62 and a beta of 0.71. The company has a fifty day moving average of $117.27 and a two-hundred day moving average of $116.70.

Institutional Trading of iShares Core High Dividend ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Cliftonlarsonallen Wealth Advisors LLC raised its position in iShares Core High Dividend ETF by 1.0% during the first quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 17,215 shares of the exchange traded fund’s stock valued at $2,085,000 after purchasing an additional 166 shares in the last quarter. Smithbridge Asset Management Inc. DE bought a new stake in iShares Core High Dividend ETF in the first quarter worth approximately $231,000. NorthCrest Asset Manangement LLC lifted its position in shares of iShares Core High Dividend ETF by 5.4% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 2,636 shares of the exchange traded fund’s stock valued at $319,000 after acquiring an additional 136 shares during the period. GPS Wealth Strategies Group LLC increased its position in iShares Core High Dividend ETF by 137.3% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 3,597 shares of the exchange traded fund’s stock valued at $436,000 after buying an additional 2,081 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of iShares Core High Dividend ETF by 231.6% during the first quarter. Fifth Third Bancorp now owns 2,696 shares of the exchange traded fund’s stock valued at $327,000 after acquiring an additional 1,883 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.