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

iShares Core Dividend ETF (BATS:DIVB) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $65.06 and last traded at $65.02, with a volume of 7414 shares traded. The stock had previously closed at $64.55.

iShares Core Dividend ETF Stock Performance

The stock’s 50 day moving average price is $62.28 and its 200 day moving average price is $57.90. The company has a market capitalization of $1.23 billion, a P/E ratio of 17.52 and a beta of 0.94.

Institutional Trading of iShares Core Dividend ETF

Institutional investors have recently bought and sold shares of the company. LPL Financial LLC raised its position in shares of iShares Core Dividend ETF by 30.8% in the 4th quarter. LPL Financial LLC now owns 3,577,926 shares of the company’s stock worth $190,167,000 after acquiring an additional 842,674 shares in the last quarter. Advisors Capital Management LLC boosted its position in shares of iShares Core Dividend ETF by 536.9% during the 4th quarter. Advisors Capital Management LLC now owns 689,600 shares of the company’s stock valued at $36,652,000 after purchasing an additional 581,322 shares in the last quarter. Bank of America Corp DE boosted its position in shares of iShares Core Dividend ETF by 54.6% during the 3rd quarter. Bank of America Corp DE now owns 1,095,156 shares of the company’s stock valued at $57,222,000 after purchasing an additional 386,596 shares in the last quarter. Farther Finance Advisors LLC grew its stake in iShares Core Dividend ETF by 7,045.4% during the fourth quarter. Farther Finance Advisors LLC now owns 244,014 shares of the company’s stock worth $12,969,000 after purchasing an additional 240,599 shares during the period. Finally, Welch Financial Planning LLC acquired a new stake in iShares Core Dividend ETF during the fourth quarter worth approximately $12,143,000.

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.