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

iShares Core Dividend ETF (BATS:DIVB) shares hit a new 52-week high on Wednesday . The company traded as high as $68.86 and last traded at $68.77, with a volume of 17872 shares changing hands. The stock had previously closed at $68.00.

iShares Core Dividend ETF Stock Performance

The firm has a market capitalization of $1.26 billion, a P/E ratio of 17.52 and a beta of 0.94. The stock’s 50 day simple moving average is $64.39 and its 200 day simple moving average is $59.44.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Miller Capital Partners Inc. purchased a new position in iShares Core Dividend ETF during the 4th quarter valued at about $40,000. CWM LLC bought a new position in shares of iShares Core Dividend ETF during the fourth quarter valued at approximately $70,000. Wiregrass Investment Management LLC purchased a new position in iShares Core Dividend ETF during the fourth quarter valued at approximately $204,000. Next Capital Management LLC purchased a new position in iShares Core Dividend ETF during the fourth quarter valued at approximately $205,000. Finally, GC Wealth Management RIA LLC bought a new position in iShares Core Dividend ETF in the first quarter worth approximately $208,000.

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.