iShares Core Dividend ETF (BATS:DIVB) Hits New 12-Month High – Here’s Why

iShares Core Dividend ETF (BATS:DIVB) shares reached a new 52-week high on Friday. The company traded as high as $71.69 and last traded at $71.3010, with a volume of 18,327 shares. The stock had previously closed at $70.89.

iShares Core Dividend ETF Stock Performance

The company has a market cap of $1.31 billion, a price-to-earnings ratio of 17.52 and a beta of 0.94. The company’s 50 day moving average price is $67.85 and its 200 day moving average price is $61.16.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LP increased its position in shares of iShares Core Dividend ETF by 1,783.1% during the 2nd quarter. Corient Private Wealth LP now owns 365,095 shares of the company’s stock worth $22,490,000 after purchasing an additional 345,707 shares in the last quarter. Legacy Wealth Partners LLC bought a new stake in iShares Core Dividend ETF during the third quarter worth about $15,058,000. Kestra Advisory Services LLC increased its holdings in shares of iShares Core Dividend ETF by 278.5% during the first quarter. Kestra Advisory Services LLC now owns 283,952 shares of the company’s stock worth $15,319,000 after buying an additional 208,924 shares in the last quarter. Bank of America Corp DE raised its stake in shares of iShares Core Dividend ETF by 13.4% in the first quarter. Bank of America Corp DE now owns 1,345,888 shares of the company’s stock valued at $72,611,000 after acquiring an additional 159,091 shares during the last quarter. Finally, Integrity Alliance LLC. bought a new position in shares of iShares Core Dividend ETF in the third quarter valued at approximately $7,819,000.

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.