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

iShares Core Dividend ETF (BATS:DIVB)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $61.13 and last traded at $60.84, with a volume of 5649 shares trading hands. The stock had previously closed at $60.87.

iShares Core Dividend ETF Price Performance

The business has a fifty day moving average price of $55.99 and a two-hundred day moving average price of $54.79. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 17.52 and a beta of 0.94.

Institutional Trading of iShares Core Dividend ETF

Hedge funds have recently modified their holdings of the stock. LPL Financial LLC increased its holdings in shares of iShares Core Dividend ETF by 30.8% in the fourth quarter. LPL Financial LLC now owns 3,577,926 shares of the company’s stock valued at $190,167,000 after purchasing an additional 842,674 shares during the last quarter. Bank of America Corp DE increased its position in iShares Core Dividend ETF by 13.4% during the 1st quarter. Bank of America Corp DE now owns 1,345,888 shares of the company’s stock worth $72,611,000 after purchasing an additional 159,091 shares during the period. Paradiem LLC increased its holdings in iShares Core Dividend ETF by 2,928.8% in the fourth quarter. Paradiem LLC now owns 977,956 shares of the company’s stock valued at $51,978,000 after buying an additional 945,667 shares in the last quarter. Advisors Capital Management LLC grew its holdings in shares of iShares Core Dividend ETF by 536.9% in the 4th quarter. Advisors Capital Management LLC now owns 689,600 shares of the company’s stock worth $36,652,000 after acquiring an additional 581,322 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of iShares Core Dividend ETF by 1.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 683,830 shares of the company’s stock worth $36,346,000 after acquiring an additional 11,997 shares during the period.

iShares Core Dividend ETF Company Profile

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.