iShares Core Dividend ETF (BATS:DIVB) Reaches New 12-Month High – Here’s Why

iShares Core Dividend ETF (BATS:DIVB)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $62.74 and last traded at $62.74, with a volume of 25858 shares trading hands. The stock had previously closed at $61.60.

iShares Core Dividend ETF Price Performance

The firm has a market cap of $1.17 billion, a P/E ratio of 17.52 and a beta of 0.94. The company’s 50-day simple moving average is $60.04 and its 200 day simple moving average is $56.60.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DIVB. Miller Capital Partners Inc. bought a new stake in iShares Core Dividend ETF during the fourth quarter worth approximately $40,000. CWM LLC bought a new stake in shares of iShares Core Dividend ETF in the 4th quarter valued at approximately $70,000. United Advisor Group LLC purchased a new position in shares of iShares Core Dividend ETF in the 4th quarter worth approximately $203,000. Wiregrass Investment Management LLC purchased a new position in shares of iShares Core Dividend ETF in the 4th quarter worth approximately $204,000. Finally, Next Capital Management LLC bought a new position in shares of iShares Core Dividend ETF during the 4th quarter valued at approximately $205,000.

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.