iShares Core Dividend ETF (BATS:DIVB) Sets New 12-Month High – What’s Next?

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

iShares Core Dividend ETF Trading Up 0.5%

The firm’s fifty day moving average is $53.31 and its 200-day moving average is $52.13. The stock has a market capitalization of $1.01 billion, a PE ratio of 17.52 and a beta of 0.94.

Hedge Funds Weigh In On iShares Core Dividend ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of iShares Core Dividend ETF by 59.6% during the first quarter. Royal Bank of Canada now owns 204,272 shares of the company’s stock worth $9,910,000 after purchasing an additional 76,298 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in iShares Core Dividend ETF during the first quarter worth approximately $2,108,000. Farther Finance Advisors LLC purchased a new position in shares of iShares Core Dividend ETF during the second quarter worth approximately $172,000. Aspire Capital Advisors LLC boosted its stake in iShares Core Dividend ETF by 3.5% during the 2nd quarter. Aspire Capital Advisors LLC now owns 183,013 shares of the company’s stock worth $9,209,000 after purchasing an additional 6,193 shares during the period. Finally, San Luis Wealth Advisors LLC acquired a new stake in shares of iShares Core Dividend ETF during the second quarter worth about $7,978,000.

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.