iShares Core Dividend ETF (BATS:DIVB) Hits New 52-Week High – Time to Buy?

Shares of iShares Core Dividend ETF (BATS:DIVB) hit a new 52-week high during trading on Thursday . The stock traded as high as $57.58 and last traded at $57.58, with a volume of 9266 shares. The stock had previously closed at $56.69.

iShares Core Dividend ETF Stock Up 2.0%

The stock has a market capitalization of $1.06 billion, a P/E ratio of 17.52 and a beta of 0.94. The firm has a 50-day moving average of $54.99 and a 200 day moving average of $54.01.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC lifted its stake in iShares Core Dividend ETF by 18.4% during the third quarter. Commonwealth Equity Services LLC now owns 221,820 shares of the company’s stock worth $11,590,000 after purchasing an additional 34,456 shares during the period. Paradiem LLC lifted its holdings in shares of iShares Core Dividend ETF by 2,928.8% during the fourth quarter. Paradiem LLC now owns 977,956 shares of the company’s stock valued at $51,978,000 after acquiring an additional 945,667 shares during the period. Farther Finance Advisors LLC raised its stake in shares of iShares Core Dividend ETF by 7,045.4% in the fourth quarter. Farther Finance Advisors LLC now owns 244,014 shares of the company’s stock valued at $12,969,000 after acquiring an additional 240,599 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of iShares Core Dividend ETF in the third quarter valued at approximately $1,237,000. Finally, Flagship Harbor Advisors LLC raised its stake in shares of iShares Core Dividend ETF by 105.5% in the third quarter. Flagship Harbor Advisors LLC now owns 49,025 shares of the company’s stock valued at $2,562,000 after acquiring an additional 25,164 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.