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

Shares of iShares Core Dividend ETF (BATS:DIVB) hit a new 52-week high during trading on Wednesday . The stock traded as high as $59.08 and last traded at $58.94, with a volume of 13283 shares traded. The stock had previously closed at $58.68.

iShares Core Dividend ETF Price Performance

The firm’s 50-day moving average is $55.53 and its 200 day moving average is $54.55. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 17.52 and a beta of 0.94.

Institutional Investors Weigh In On iShares Core Dividend ETF

Large investors have recently made changes to their positions in the business. Miller Capital Partners Inc. acquired a new stake in shares of iShares Core Dividend ETF in the fourth quarter worth $40,000. CWM LLC acquired a new stake in shares of iShares Core Dividend ETF in the fourth quarter worth $70,000. AE Wealth Management LLC acquired a new stake in shares of iShares Core Dividend ETF in the third quarter worth $181,000. United Advisor Group LLC acquired a new stake in shares of iShares Core Dividend ETF in the fourth quarter worth $203,000. Finally, Wiregrass Investment Management LLC acquired a new stake in shares of iShares Core Dividend ETF in the fourth quarter worth $204,000.

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.