iShares Core Dividend ETF (BATS:DIVB) Hits New 12-Month High – Should You Buy?

iShares Core Dividend ETF (BATS:DIVB)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $54.49 and last traded at $54.09, with a volume of 247992 shares changing hands. The stock had previously closed at $54.37.

iShares Core Dividend ETF Stock Down 0.5%

The stock has a 50 day simple moving average of $52.20 and a 200 day simple moving average of $51.25. The company has a market cap of $995.26 million, a price-to-earnings ratio of 17.52 and a beta of 0.94.

Institutional Investors Weigh In On iShares Core Dividend ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Paradiem LLC bought a new stake in shares of iShares Core Dividend ETF in the 2nd quarter worth about $78,518,000. IAG Wealth Partners LLC bought a new stake in iShares Core Dividend ETF in the second quarter valued at about $25,812,000. Bank of America Corp DE raised its stake in iShares Core Dividend ETF by 54.6% during the third quarter. Bank of America Corp DE now owns 1,095,156 shares of the company’s stock valued at $57,222,000 after buying an additional 386,596 shares in the last quarter. Cetera Investment Advisers lifted its holdings in iShares Core Dividend ETF by 196.2% during the 2nd quarter. Cetera Investment Advisers now owns 429,967 shares of the company’s stock worth $21,636,000 after buying an additional 284,793 shares during the last quarter. Finally, Aptus Capital Advisors LLC grew its position in shares of iShares Core Dividend ETF by 5,273.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 267,403 shares of the company’s stock worth $13,972,000 after acquiring an additional 262,427 shares in the last quarter.

About iShares Core Dividend ETF

The iShares U.S. Dividend and Buyback ETF (DIVB) is an exchange-traded fund that is based on the Morningstar US Dividend and Buyback index. The fund tracks an index of all-cap US stocks that have a history of dividend payments and\u002For share buybacks. DIVB was launched on Nov 7, 2017 and is managed by BlackRock.