HDV Stock Summary and Trading Ideas (iShares Core High Dividend ETF | ARCA:HDV)

The iShares High Dividend Equity Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Morningstar Dividend Yield Focus Index. The Morningstar Dividend Yield Focus Index is designed to measure the performance of a select group of U.S. equity securities issued by companies that have provided relatively high dividend yields on a consistent basis.

iShares Core High Dividend ETF trades on the ARCA stock market under the symbol HDV.

As of September 17, 2024, HDV stock price declined to $117.98 with 277,003 million shares trading.

HDV has a beta of 0.35, meaning it tends to be less sensitive to market movements. HDV has a correlation of 0.17 to the broad based SPY ETF.

HDV has a market cap of $11.65 billion. This is considered a Large Cap stock.

In the last 3 years, HDV stock traded as high as $119.07 and as low as $91.24.

HDV has underperformed the market in the last year with a price return of +17.8% while the SPY ETF gained +28.2%. However, in the short term, HDV had mixed performance relative to the market. It has outperformed in the last 3 months, returning +10.5% vs +4.1% return in SPY. But in the last 2 weeks, HDV shares have been beat by the market, returning -0.4% compared to an SPY return of -0.1%.

HDV support price is $117.45 and resistance is $119.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HDV stock will trade within this expected range on the day.