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

iShares Core Dividend ETF (BATS:DIVB)’s share price reached a new 52-week high during trading on Wednesday. The stock traded as high as $69.83 and last traded at $69.78, with a volume of 458,540 shares trading hands. The stock had previously closed at $69.69.

iShares Core Dividend ETF Price Performance

The firm’s 50-day simple moving average is $67.52 and its 200 day simple moving average is $63.15. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 17.52 and a beta of 0.94.

Institutional Investors Weigh In On iShares Core Dividend ETF

Several institutional investors have recently bought and sold shares of DIVB. Capital Advisors Ltd. LLC grew its position in shares of iShares Core Dividend ETF by 2.9% in the 1st quarter. Capital Advisors Ltd. LLC now owns 6,568 shares of the company’s stock worth $354,000 after buying an additional 185 shares during the period. Citizens National Bank Trust Department increased its stake in iShares Core Dividend ETF by 6.3% in the 1st quarter. Citizens National Bank Trust Department now owns 5,517 shares of the company’s stock worth $298,000 after acquiring an additional 328 shares during the last quarter. Cedar Mountain Advisors LLC lifted its holdings in shares of iShares Core Dividend ETF by 0.4% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 104,443 shares of the company’s stock worth $6,434,000 after acquiring an additional 415 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of iShares Core Dividend ETF by 6.2% during the second quarter. Dynamic Advisor Solutions LLC now owns 7,380 shares of the company’s stock worth $455,000 after acquiring an additional 433 shares during the period. Finally, AdvisorNet Financial Inc increased its holdings in shares of iShares Core Dividend ETF by 7.5% in the 1st quarter. AdvisorNet Financial Inc now owns 6,354 shares of the company’s stock valued at $343,000 after acquiring an additional 446 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.