iShares Core Dividend ETF (BATS:DIVB) Hits New 12-Month High – Should You Buy?

iShares Core Dividend ETF (BATS:DIVB)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $54.49 and last traded at $53.9190, with a volume of 248298 shares trading hands. The stock had previously closed at $54.37.

iShares Core Dividend ETF Stock Down 0.5%

The company has a market cap of $995.55 million, a PE ratio of 17.52 and a beta of 0.94. The firm’s fifty day simple moving average is $53.20 and its 200-day simple moving average is $52.08.

Institutional Investors Weigh In On iShares Core Dividend ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC purchased a new position in iShares Core Dividend ETF during the second quarter worth $42,000. Ameritas Advisory Services LLC acquired a new stake in shares of iShares Core Dividend ETF during the 2nd quarter worth about $52,000. Bogart Wealth LLC grew its holdings in shares of iShares Core Dividend ETF by 37.5% during the second quarter. Bogart Wealth LLC now owns 1,100 shares of the company’s stock worth $55,000 after buying an additional 300 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of iShares Core Dividend ETF in the second quarter valued at approximately $63,000. Finally, Harbor Asset Planning Inc. purchased a new position in shares of iShares Core Dividend ETF during the second quarter valued at approximately $100,000.

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.