Independent Financial Group LLC Makes New Investment in iShares Core Dividend ETF $DIVB

Independent Financial Group LLC purchased a new stake in iShares Core Dividend ETF (BATS:DIVB) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,113 shares of the company’s stock, valued at approximately $3,405,000. Independent Financial Group LLC owned approximately 0.34% of iShares Core Dividend ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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

iShares Core Dividend ETF Trading Down 0.5%

Shares of DIVB opened at $63.87 on Friday. The business’s 50-day moving average price is $61.47 and its 200 day moving average price is $57.35. The stock has a market capitalization of $1.18 billion, a P/E ratio of 17.52 and a beta of 0.94. iShares Core Dividend ETF has a 1-year low of $49.28 and a 1-year high of $64.93.

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.