iShares Core Dividend ETF (BATS:DIVB) Hits New 12-Month High – Here’s Why

iShares Core Dividend ETF (BATS:DIVB) reached a new 52-week high on Friday. The company traded as high as $71.69 and last traded at $71.3010, with a volume of 18,327 shares. The stock had previously closed at $70.89.

iShares Core Dividend ETF Stock Performance

The company’s fifty day moving average price is $67.85 and its 200 day moving average price is $61.16. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 17.52 and a beta of 0.94.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Signaturefd LLC purchased a new stake in iShares Core Dividend ETF in the 3rd quarter worth about $32,000. Alpine Bank Wealth Management acquired a new position in shares of iShares Core Dividend ETF in the 3rd quarter valued at about $47,000. Capital Analysts LLC lifted its position in shares of iShares Core Dividend ETF by 821.1% in the second quarter. Capital Analysts LLC now owns 2,966 shares of the company’s stock worth $183,000 after purchasing an additional 2,644 shares in the last quarter. Partners Wealth Management LLC acquired a new stake in shares of iShares Core Dividend ETF during the third quarter worth approximately $218,000. Finally, Trilogy Capital Inc. acquired a new position in iShares Core Dividend ETF in the 2nd quarter valued at approximately $210,000.

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.