iShares Core Dividend ETF (BATS:DIVB) Reaches New 12-Month High – Time to Buy?

iShares Core Dividend ETF (BATS:DIVB – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $69.83 and last traded at $69.78, with a volume of 458,540 shares trading hands. The stock had previously closed at $69.69.

iShares Core Dividend ETF Price Performance

The stock’s 50 day moving average is $67.63 and its two-hundred day moving average is $63.38. The stock has a market capitalization of $1.30 billion, a PE ratio of 17.52 and a beta of 0.94.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Corient Private Wealth LP raised its position in shares of iShares Core Dividend ETF by 1,783.1% during the 2nd quarter. Corient Private Wealth LP now owns 365,095 shares of the company’s stock worth $22,490,000 after acquiring an additional 345,707 shares in the last quarter. Citadel Advisors LLC acquired a new position in iShares Core Dividend ETF in the second quarter valued at approximately $913,000. Independent Financial Group LLC acquired a new position in iShares Core Dividend ETF in the first quarter valued at approximately $3,405,000. Cetera Investment Advisers boosted its holdings in iShares Core Dividend ETF by 6.7% in the first 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 in the last quarter. Finally, Kellett Wealth Advisors LLC increased its stake in iShares Core Dividend ETF by 29.4% in the third quarter. Kellett Wealth Advisors LLC now owns 40,705 shares of the company’s stock valued at $2,626,000 after purchasing an additional 9,254 shares during the last quarter.

About iShares Core Dividend ETF

(Get Free Report)

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.

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