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

iShares Core Dividend ETF (BATS:DIVB)’s share price reached a new 52-week high during mid-day 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 Stock Up 0.5%

The firm has a market capitalization of $1.09 billion, a PE ratio of 17.52 and a beta of 0.94. The firm’s 50 day moving average price is $55.53 and its two-hundred day moving average price is $54.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DIVB. Paradiem LLC boosted its stake in shares of iShares Core Dividend ETF by 2,928.8% in the fourth quarter. Paradiem LLC now owns 977,956 shares of the company’s stock valued at $51,978,000 after purchasing an additional 945,667 shares during the period. LPL Financial LLC boosted its stake in shares of iShares Core Dividend ETF by 30.8% in the fourth quarter. LPL Financial LLC now owns 3,577,926 shares of the company’s stock valued at $190,167,000 after purchasing an additional 842,674 shares during the period. Advisors Capital Management LLC boosted its stake in shares of iShares Core Dividend ETF by 536.9% in the fourth quarter. Advisors Capital Management LLC now owns 689,600 shares of the company’s stock valued at $36,652,000 after purchasing an additional 581,322 shares during the period. Foguth Wealth Management LLC. purchased a new position in shares of iShares Core Dividend ETF in the fourth quarter valued at $26,952,000. Finally, Bank of America Corp DE boosted its stake in shares of iShares Core Dividend ETF by 54.6% in the third quarter. Bank of America Corp DE now owns 1,095,156 shares of the company’s stock valued at $57,222,000 after purchasing an additional 386,596 shares during the period.

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.