iShares Core Dividend ETF (BATS:DIVB) Reaches New 52-Week High – Here’s What Happened

Shares of iShares Core Dividend ETF (BATS:DIVB) reached a new 52-week high on Thursday. The stock traded as high as $73.15 and last traded at $73.0070, with a volume of 68,476 shares trading hands. The stock had previously closed at $72.38.

iShares Core Dividend ETF Stock Down 1.1%

The stock’s 50 day moving average is $68.13 and its two-hundred day moving average is $61.67. The company has a market capitalization of $1.30 billion, a PE ratio of 17.52 and a beta of 0.94.

Institutional Investors Weigh In On iShares Core Dividend ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Corient Private Wealth LP raised its stake in iShares Core Dividend ETF by 1,783.1% in the second quarter. Corient Private Wealth LP now owns 365,095 shares of the company’s stock valued at $22,490,000 after buying an additional 345,707 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of iShares Core Dividend ETF during the 3rd quarter worth about $16,558,000. Legacy Wealth Partners LLC purchased a new position in shares of iShares Core Dividend ETF in the 3rd quarter valued at about $15,058,000. Kestra Advisory Services LLC increased its holdings in shares of iShares Core Dividend ETF by 278.5% in the 1st quarter. Kestra Advisory Services LLC now owns 283,952 shares of the company’s stock valued at $15,319,000 after acquiring an additional 208,924 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in iShares Core Dividend ETF by 13.4% during the first quarter. Bank of America Corp DE now owns 1,345,888 shares of the company’s stock worth $72,611,000 after purchasing an additional 159,091 shares during the last quarter.

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.