iShares Core Dividend ETF (BATS:DIVB) Sets New 52-Week High – Time to Buy?

iShares Core Dividend ETF (BATS:DIVB)’s share price reached a new 52-week high during trading on Wednesday. The stock traded as high as $69.83 and last traded at $69.78, with a volume of 458,540 shares. The stock had previously closed at $69.69.

iShares Core Dividend ETF Stock Up 0.1%

The firm’s 50 day simple moving average is $67.52 and its 200 day simple moving average is $63.15. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 17.52 and a beta of 0.94.

Institutional Trading of iShares Core Dividend ETF

Several hedge funds have recently added to or reduced their stakes in DIVB. Bank of America Corp DE raised its stake in shares of iShares Core Dividend ETF by 13.4% during the first quarter. Bank of America Corp DE now owns 1,345,888 shares of the company’s stock valued at $72,611,000 after purchasing an additional 159,091 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of iShares Core Dividend ETF by 6.7% in the first quarter. Cetera Investment Advisers now owns 555,621 shares of the company’s stock valued at $29,976,000 after buying an additional 35,004 shares in the last quarter. Corient Private Wealth LP lifted its stake in iShares Core Dividend ETF by 1,783.1% during the second quarter. Corient Private Wealth LP now owns 365,095 shares of the company’s stock valued at $22,490,000 after buying an additional 345,707 shares in the last quarter. Sunburst Financial Group LLC lifted its position in shares of iShares Core Dividend ETF by 4.9% in the 2nd quarter. Sunburst Financial Group LLC now owns 317,289 shares of the company’s stock valued at $19,545,000 after acquiring an additional 14,744 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its position in shares of iShares Core Dividend ETF by 278.5% in the first quarter. Kestra Advisory Services LLC now owns 283,952 shares of the company’s stock worth $15,319,000 after buying an additional 208,924 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.