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

Shares of iShares Core Dividend ETF (BATS:DIVB) hit a new 52-week high during trading on Monday . The stock traded as high as $54.49 and last traded at $54.5890, with a volume of 248298 shares trading hands. The stock had previously closed at $54.37.

iShares Core Dividend ETF Stock Up 0.5%

The stock’s 50-day simple moving average is $53.36 and its 200 day simple moving average is $52.17. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 17.52 and a beta of 0.94.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIVB. Twin Peaks Wealth Advisors LLC bought a new stake in shares of iShares Core Dividend ETF during the second quarter worth approximately $42,000. Ameritas Advisory Services LLC acquired a new stake in iShares Core Dividend ETF during the 2nd quarter worth $52,000. Bogart Wealth LLC grew its holdings in iShares Core Dividend ETF by 37.5% during the 2nd quarter. Bogart Wealth LLC now owns 1,100 shares of the company’s stock worth $55,000 after acquiring an additional 300 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in shares of iShares Core Dividend ETF during the 2nd quarter valued at $63,000. Finally, CWM LLC acquired a new position in shares of iShares Core Dividend ETF in the 4th quarter valued at $70,000.

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.