iShares Core Dividend ETF (BATS:DIVB) Sets New 12-Month High – What’s Next?

iShares Core Dividend ETF (BATS:DIVB) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $68.35 and last traded at $67.98, with a volume of 14904 shares changing hands. The stock had previously closed at $67.75.

iShares Core Dividend ETF Trading Down 0.3%

The company has a fifty day moving average of $63.83 and a 200-day moving average of $59.03. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 17.52 and a beta of 0.94.

Institutional Trading of iShares Core Dividend ETF

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