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

iShares Core Dividend ETF (BATS:DIVB) reached a new 52-week high on Monday . The stock traded as high as $54.49 and last traded at $56.4730, with a volume of 248298 shares changing hands. The stock had previously closed at $54.37.

iShares Core Dividend ETF Stock Performance

The company has a fifty day moving average of $54.10 and a two-hundred day moving average of $52.49. The company has a market cap of $1.04 billion, a PE ratio of 17.52 and a beta of 0.94.

Institutional Investors Weigh In On iShares Core Dividend ETF

A number of institutional investors have recently added to or reduced their stakes in DIVB. Larson Financial Group LLC increased its holdings in shares of iShares Core Dividend ETF by 8.5% during the fourth quarter. Larson Financial Group LLC now owns 44,769 shares of the company’s stock valued at $2,379,000 after acquiring an additional 3,524 shares in the last quarter. Csenge Advisory Group grew its holdings in iShares Core Dividend ETF by 6.1% in the fourth quarter. Csenge Advisory Group now owns 5,547 shares of the company’s stock valued at $295,000 after purchasing an additional 317 shares during the period. Western Wealth Management LLC increased its holdings in iShares Core Dividend ETF by 6.5% in the 4th quarter. Western Wealth Management LLC now owns 30,108 shares of the company’s stock worth $1,600,000 after acquiring an additional 1,832 shares in the last quarter. Money Concepts Capital Corp raised its position in iShares Core Dividend ETF by 13.5% during the fourth quarter. Money Concepts Capital Corp now owns 96,183 shares of the company’s stock worth $5,112,000 after acquiring an additional 11,450 shares during the period. Finally, Welch Financial Planning LLC purchased a new position in iShares Core Dividend ETF during the fourth quarter valued at $12,143,000.

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.