iShares Core Dividend ETF (BATS:DIVB) Reaches New 1-Year High – Here’s What Happened

iShares Core Dividend ETF (BATS:DIVB) hit a new 52-week high on Monday . The company traded as high as $54.49 and last traded at $56.4730, with a volume of 248298 shares traded. The stock had previously closed at $54.37.

iShares Core Dividend ETF Stock Performance

The firm has a 50-day moving average of $54.27 and a 200-day moving average of $52.57. The firm has a market capitalization of $1.05 billion, a P/E ratio of 17.52 and a beta of 0.94.

Institutional Investors Weigh In On iShares Core Dividend ETF

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in iShares Core Dividend ETF by 59.6% in the 1st quarter. Royal Bank of Canada now owns 204,272 shares of the company’s stock worth $9,910,000 after buying an additional 76,298 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of iShares Core Dividend ETF during the 1st quarter valued at about $2,108,000. NorthRock Partners LLC purchased a new stake in shares of iShares Core Dividend ETF during the 2nd quarter valued at about $861,000. Kellett Wealth Advisors LLC grew its stake in shares of iShares Core Dividend ETF by 116.8% in the second quarter. Kellett Wealth Advisors LLC now owns 27,677 shares of the company’s stock worth $1,393,000 after acquiring an additional 14,910 shares during the period. Finally, Axxcess Wealth Management LLC bought a new stake in shares of iShares Core Dividend ETF in the second quarter worth approximately $704,000.

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.