iShares Core Dividend ETF (BATS:DIVB) Hits New 52-Week High – Should You Buy?

iShares Core Dividend ETF (BATS:DIVB) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $54.49 and last traded at $54.2910, with a volume of 248298 shares changing hands. The stock had previously closed at $54.37.

iShares Core Dividend ETF Price Performance

The company has a market capitalization of $1.00 billion, a PE ratio of 17.52 and a beta of 0.94. The stock has a 50-day simple moving average of $52.96 and a 200 day simple moving average of $51.98.

Hedge Funds Weigh In On iShares Core Dividend ETF

A number of institutional investors have recently added to or reduced their stakes in DIVB. Paradiem LLC bought a new position in iShares Core Dividend ETF in the second quarter worth about $78,518,000. Bank of America Corp DE boosted its stake in iShares Core Dividend ETF by 54.6% during the 3rd quarter. Bank of America Corp DE now owns 1,095,156 shares of the company’s stock valued at $57,222,000 after purchasing an additional 386,596 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of iShares Core Dividend ETF by 53.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 630,300 shares of the company’s stock valued at $31,717,000 after purchasing an additional 219,781 shares during the period. IAG Wealth Partners LLC grew its holdings in iShares Core Dividend ETF by 0.9% in the 3rd quarter. IAG Wealth Partners LLC now owns 517,369 shares of the company’s stock worth $27,033,000 after buying an additional 4,412 shares in the last quarter. Finally, Foguth Wealth Management LLC. acquired a new position in shares of iShares Core Dividend ETF during the fourth quarter valued at $26,952,000.

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.