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

Shares of iShares Core Dividend ETF (BATS:DIVB) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $58.08 and last traded at $57.96, with a volume of 5732 shares trading hands. The stock had previously closed at $57.10.

iShares Core Dividend ETF Stock Up 0.6%

The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 17.52 and a beta of 0.94. The stock has a fifty day moving average price of $55.04 and a two-hundred day moving average price of $54.11.

Hedge Funds Weigh In On iShares Core Dividend ETF

A number of institutional investors have recently made changes to their positions in the stock. Capital Advisors Ltd. LLC raised its holdings in shares of iShares Core Dividend ETF by 2.9% in the first quarter. Capital Advisors Ltd. LLC now owns 6,568 shares of the company’s stock worth $354,000 after acquiring an additional 185 shares during the last quarter. Florida Financial Advisors LLC raised its holdings in shares of iShares Core Dividend ETF by 4.2% in the third quarter. Florida Financial Advisors LLC now owns 5,448 shares of the company’s stock worth $285,000 after acquiring an additional 222 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of iShares Core Dividend ETF by 2.7% in the third quarter. Advisory Services Network LLC now owns 8,864 shares of the company’s stock worth $463,000 after acquiring an additional 232 shares during the last quarter. M3 Advisory Group LLC raised its holdings in shares of iShares Core Dividend ETF by 6.0% in the fourth quarter. M3 Advisory Group LLC now owns 4,464 shares of the company’s stock worth $237,000 after acquiring an additional 252 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC lifted its stake in shares of iShares Core Dividend ETF by 2.2% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 13,631 shares of the company’s stock worth $712,000 after purchasing an additional 299 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.