iShares Core Dividend ETF (BATS:DIVB) Hits New 52-Week High – Still a Buy?

iShares Core Dividend ETF (BATS:DIVB)’s stock price hit a new 52-week high on Friday . The company traded as high as $67.31 and last traded at $67.24, with a volume of 208048 shares changing hands. The stock had previously closed at $66.83.

iShares Core Dividend ETF Stock Performance

The company’s 50-day moving average is $63.12 and its 200-day moving average is $58.49. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 17.52 and a beta of 0.94.

Hedge Funds Weigh In On iShares Core Dividend ETF

A number of institutional investors have recently modified their holdings of DIVB. Royal Bank of Canada increased its holdings in shares of iShares Core Dividend ETF by 59.6% in the first quarter. Royal Bank of Canada now owns 204,272 shares of the company’s stock valued at $9,910,000 after purchasing an additional 76,298 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of iShares Core Dividend ETF in the 1st quarter valued at $2,108,000. JPMorgan Chase & Co. raised its position in shares of iShares Core Dividend ETF by 54.3% during the second quarter. JPMorgan Chase & Co. now owns 130,774 shares of the company’s stock worth $6,581,000 after acquiring an additional 46,000 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of iShares Core Dividend ETF by 16.6% during the second quarter. Bank of America Corp DE now owns 708,560 shares of the company’s stock valued at $35,655,000 after acquiring an additional 100,621 shares during the period. Finally, Great Valley Advisor Group Inc. lifted its stake in shares of iShares Core Dividend ETF by 454.6% during the second quarter. Great Valley Advisor Group Inc. now owns 36,878 shares of the company’s stock valued at $1,855,000 after acquiring an additional 30,229 shares during the period.

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.