iShares Core Dividend ETF (BATS:DIVB) Reaches New 52-Week High – Here’s What Happened

iShares Core Dividend ETF (BATS:DIVBGet Free Report) reached a new 52-week high on Friday . The company traded as high as $69.36 and last traded at $69.10, with a volume of 27754 shares. The stock had previously closed at $68.88.

iShares Core Dividend ETF Stock Performance

The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 17.52 and a beta of 0.94. The business has a 50-day moving average of $65.14 and a 200-day moving average of $59.90.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Quotient Wealth Partners LLC purchased a new position in shares of iShares Core Dividend ETF during the 1st quarter worth approximately $806,000. IAG Wealth Partners LLC increased its holdings in iShares Core Dividend ETF by 1.7% in the 4th quarter. IAG Wealth Partners LLC now owns 525,995 shares of the company’s stock valued at $27,957,000 after purchasing an additional 8,626 shares during the last quarter. Independent Financial Group LLC purchased a new stake in iShares Core Dividend ETF in the first quarter valued at approximately $3,405,000. Cetera Investment Advisers raised its position in 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 purchasing an additional 35,004 shares during the period. Finally, Compass Financial Services Inc raised its position in iShares Core Dividend ETF by 8.7% in the fourth quarter. Compass Financial Services Inc now owns 154,258 shares of the company’s stock valued at $8,199,000 after purchasing an additional 12,325 shares during the period.

About iShares Core Dividend ETF

(Get Free Report)

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.

Further Reading

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