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

iShares Core Dividend ETF (BATS:DIVB) reached 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 trading hands. The stock had previously closed at $66.83.

iShares Core Dividend ETF Price Performance

The stock has a market cap of $1.24 billion, a P/E ratio of 17.52 and a beta of 0.94. The business’s 50 day simple moving average is $63.12 and its 200 day simple moving average is $58.49.

Hedge Funds Weigh In On iShares Core Dividend ETF

A number of hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its holdings in shares of iShares Core Dividend ETF by 7,045.4% in the 4th quarter. Farther Finance Advisors LLC now owns 244,014 shares of the company’s stock worth $12,969,000 after acquiring an additional 240,599 shares in the last quarter. Quotient Wealth Partners LLC acquired a new stake in iShares Core Dividend ETF during the 1st quarter valued at $806,000. IAG Wealth Partners LLC raised its position 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. San Luis Wealth Advisors LLC raised its position in iShares Core Dividend ETF by 24.4% in the 4th quarter. San Luis Wealth Advisors LLC now owns 297,407 shares of the company’s stock valued at $15,807,000 after purchasing an additional 58,270 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in iShares Core Dividend ETF by 6.7% in the 1st 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 last quarter.

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.