iShares Core Dividend ETF (BATS:DIVB) Hits New 52-Week High – What’s Next?

Shares of iShares Core Dividend ETF (BATS:DIVB) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $62.74 and last traded at $62.74, with a volume of 25858 shares changing hands. The stock had previously closed at $61.60.

iShares Core Dividend ETF Price Performance

The business’s fifty day simple moving average is $59.78 and its 200 day simple moving average is $56.47. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 17.52 and a beta of 0.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Paradiem LLC boosted its position in iShares Core Dividend ETF by 2,928.8% during the 4th quarter. Paradiem LLC now owns 977,956 shares of the company’s stock valued at $51,978,000 after purchasing an additional 945,667 shares during the period. Farther Finance Advisors LLC increased its position in iShares Core Dividend ETF by 7,045.4% in the fourth quarter. Farther Finance Advisors LLC now owns 244,014 shares of the company’s stock worth $12,969,000 after buying an additional 240,599 shares during the period. Foguth Wealth Management LLC. bought a new stake in iShares Core Dividend ETF in the fourth quarter valued at $26,952,000. Integrity Advisory Solutions LLC bought a new stake in iShares Core Dividend ETF in the third quarter valued at $477,000. Finally, San Luis Wealth Advisors LLC boosted its holdings in shares of iShares Core Dividend ETF by 24.4% during the fourth quarter. San Luis Wealth Advisors LLC now owns 297,407 shares of the company’s stock valued at $15,807,000 after acquiring an additional 58,270 shares during the period.

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.