iShares Core Dividend ETF (BATS:DIVB) Sets New 1-Year High – Here’s Why

iShares Core Dividend ETF (BATS:DIVB) shares reached a new 52-week high during trading on Friday . The stock traded as high as $64.56 and last traded at $64.56, with a volume of 6821 shares trading hands. The stock had previously closed at $64.16.

iShares Core Dividend ETF Stock Up 0.3%

The company has a market capitalization of $1.18 billion, a P/E ratio of 17.52 and a beta of 0.94. The business has a fifty day moving average price of $61.35 and a 200 day moving average price of $57.30.

Institutional Trading of iShares Core Dividend ETF

A number of institutional investors have recently made changes to their positions in DIVB. Royal Bank of Canada increased its position in shares of iShares Core Dividend ETF by 59.6% during the 1st quarter. Royal Bank of Canada now owns 204,272 shares of the company’s stock worth $9,910,000 after purchasing an additional 76,298 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of iShares Core Dividend ETF in the first quarter valued at $2,108,000. JPMorgan Chase & Co. increased its holdings in iShares Core Dividend ETF by 54.3% during the second quarter. JPMorgan Chase & Co. now owns 130,774 shares of the company’s stock worth $6,581,000 after buying an additional 46,000 shares during the last quarter. Bank of America Corp DE increased its holdings in iShares Core Dividend ETF by 16.6% during the second quarter. Bank of America Corp DE now owns 708,560 shares of the company’s stock worth $35,655,000 after buying an additional 100,621 shares during the last quarter. Finally, Great Valley Advisor Group Inc. raised its position in iShares Core Dividend ETF by 454.6% during the second quarter. Great Valley Advisor Group Inc. now owns 36,878 shares of the company’s stock worth $1,855,000 after acquiring an additional 30,229 shares in the last quarter.

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.