iShares Core Dividend ETF (BATS:DIVB) Hits New 1-Year High – What’s Next?

iShares Core Dividend ETF (BATS:DIVB)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $63.43 and last traded at $63.33, with a volume of 125200 shares trading hands. The stock had previously closed at $63.39.

iShares Core Dividend ETF Trading Down 1.2%

The stock has a 50 day moving average price of $60.62 and a two-hundred day moving average price of $56.88. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 17.52 and a beta of 0.94.

Hedge Funds Weigh In On iShares Core Dividend ETF

Several hedge funds have recently added to or reduced their stakes in DIVB. Paradiem LLC raised its position in shares of iShares Core Dividend ETF by 2,928.8% in the 4th quarter. Paradiem LLC now owns 977,956 shares of the company’s stock valued at $51,978,000 after acquiring an additional 945,667 shares during the period. Farther Finance Advisors LLC grew its holdings in iShares Core Dividend ETF by 7,045.4% during the fourth quarter. Farther Finance Advisors LLC now owns 244,014 shares of the company’s stock valued at $12,969,000 after purchasing an additional 240,599 shares during the period. Foguth Wealth Management LLC. acquired a new position in iShares Core Dividend ETF during the fourth quarter valued at approximately $26,952,000. San Luis Wealth Advisors LLC increased its stake in iShares Core Dividend ETF by 24.4% in the fourth quarter. San Luis Wealth Advisors LLC now owns 297,407 shares of the company’s stock valued at $15,807,000 after purchasing an additional 58,270 shares in the last quarter. Finally, IAG Wealth Partners LLC increased its stake in iShares Core Dividend ETF by 1.7% in the fourth quarter. IAG Wealth Partners LLC now owns 525,995 shares of the company’s stock valued at $27,957,000 after purchasing an additional 8,626 shares in the last quarter.

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.