iShares Core Dividend ETF (BATS:DIVB) Reaches New 1-Year High – Time to Buy?

iShares Core Dividend ETF (BATS:DIVB) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $54.49 and last traded at $53.5610, with a volume of 248298 shares changing hands. The stock had previously closed at $54.37.

iShares Core Dividend ETF Trading Down 1.5%

The company’s 50 day simple moving average is $52.58 and its 200 day simple moving average is $51.63. The stock has a market capitalization of $985.52 million, a PE ratio of 17.52 and a beta of 0.94.

Hedge Funds Weigh In On iShares Core Dividend ETF

Several institutional investors have recently added to or reduced their stakes in the business. Paradiem LLC purchased a new position in iShares Core Dividend ETF during the second quarter worth about $78,518,000. Bank of America Corp DE grew its holdings in iShares Core Dividend ETF by 54.6% in the 3rd quarter. Bank of America Corp DE now owns 1,095,156 shares of the company’s stock valued at $57,222,000 after buying an additional 386,596 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of iShares Core Dividend ETF by 53.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 630,300 shares of the company’s stock valued at $31,717,000 after acquiring an additional 219,781 shares during the last quarter. IAG Wealth Partners LLC lifted its holdings in shares of iShares Core Dividend ETF by 0.9% during the 3rd quarter. IAG Wealth Partners LLC now owns 517,369 shares of the company’s stock worth $27,033,000 after acquiring an additional 4,412 shares during the period. Finally, Corient Private Wealth LLC boosted its position in shares of iShares Core Dividend ETF by 0.4% in the second quarter. Corient Private Wealth LLC now owns 453,781 shares of the company’s stock worth $22,834,000 after acquiring an additional 1,914 shares during 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.