iShares Core High Dividend ETF (NYSEARCA:HDV) Sees Strong Trading Volume – What’s Next?

iShares Core High Dividend ETF (NYSEARCA:HDV) saw unusually-high trading volume on Wednesday . Approximately 917,747 shares changed hands during trading, an increase of 118% from the previous session’s volume of 420,510 shares.The stock last traded at $119.72 and had previously closed at $121.12.

iShares Core High Dividend ETF Stock Performance

The firm has a fifty day simple moving average of $118.09 and a 200 day simple moving average of $117.18. The company has a market cap of $11.14 billion, a PE ratio of 19.62 and a beta of 0.71.

Hedge Funds Weigh In On iShares Core High Dividend ETF

A number of hedge funds have recently made changes to their positions in HDV. Collective Family Office LLC raised its position in iShares Core High Dividend ETF by 27.5% in the first quarter. Collective Family Office LLC now owns 10,960 shares of the exchange traded fund’s stock valued at $1,327,000 after purchasing an additional 2,365 shares during the period. Milestone Asset Management Group LLC acquired a new stake in shares of iShares Core High Dividend ETF in the fourth quarter valued at about $236,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of iShares Core High Dividend ETF by 9.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 268,533 shares of the exchange traded fund’s stock valued at $30,146,000 after buying an additional 22,660 shares during the period. Jefferies Financial Group Inc. boosted its holdings in iShares Core High Dividend ETF by 6.6% in the 4th quarter. Jefferies Financial Group Inc. now owns 34,024 shares of the exchange traded fund’s stock worth $3,820,000 after acquiring an additional 2,110 shares during the period. Finally, Heck Capital Advisors LLC acquired a new stake in iShares Core High Dividend ETF in the fourth quarter valued at approximately $999,000.

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.