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

Shares of iShares Core Dividend ETF (BATS:DIVB) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $58.57 and last traded at $58.45, with a volume of 107899 shares trading hands. The stock had previously closed at $58.20.

iShares Core Dividend ETF Trading Up 0.4%

The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 17.52 and a beta of 0.94. The firm’s 50 day moving average price is $55.20 and its two-hundred day moving average price is $54.29.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Florida Financial Advisors LLC increased its stake in shares of iShares Core Dividend ETF by 12.5% during the 1st quarter. Florida Financial Advisors LLC now owns 7,172 shares of the company’s stock worth $387,000 after purchasing an additional 796 shares during the last quarter. Liberty Square Wealth Partners LLC increased its stake in shares of iShares Core Dividend ETF by 29.9% during the 1st quarter. Liberty Square Wealth Partners LLC now owns 13,527 shares of the company’s stock worth $730,000 after purchasing an additional 3,112 shares during the last quarter. Independent Financial Group LLC acquired a new position in shares of iShares Core Dividend ETF during the 1st quarter worth about $3,405,000. RFG Bristol Wealth Advisors LLC increased its stake in shares of iShares Core Dividend ETF by 15.7% during the 1st quarter. RFG Bristol Wealth Advisors LLC now owns 6,642 shares of the company’s stock worth $358,000 after purchasing an additional 902 shares during the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC increased its stake in shares of iShares Core Dividend ETF by 2.0% during the 1st quarter. Blake Schutter Theil Wealth Advisors LLC now owns 81,320 shares of the company’s stock worth $4,387,000 after purchasing an additional 1,603 shares during the last quarter.

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.