iShares Core Dividend ETF (BATS:DIVB) Reaches New 1-Year High – Still a Buy?

iShares Core Dividend ETF (BATS:DIVB) shares hit a new 52-week high on Tuesday . The stock traded as high as $63.43 and last traded at $63.33, with a volume of 125200 shares changing hands. The stock had previously closed at $63.39.

iShares Core Dividend ETF Stock Performance

The firm has a market capitalization of $1.17 billion, a P/E ratio of 17.52 and a beta of 0.94. The firm has a 50-day moving average of $60.32 and a 200-day moving average of $56.73.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. 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 purchasing an additional 945,667 shares in the last quarter. LPL Financial LLC raised its position in iShares Core Dividend ETF by 30.8% in the 4th quarter. LPL Financial LLC now owns 3,577,926 shares of the company’s stock worth $190,167,000 after buying an additional 842,674 shares during the last quarter. Advisors Capital Management LLC raised its position in iShares Core Dividend ETF by 536.9% in the 4th quarter. Advisors Capital Management LLC now owns 689,600 shares of the company’s stock worth $36,652,000 after buying an additional 581,322 shares during the last quarter. Foguth Wealth Management LLC. bought a new position in iShares Core Dividend ETF during the 4th quarter valued at about $26,952,000. Finally, Bank of America Corp DE lifted its stake in iShares Core Dividend ETF by 54.6% during the 3rd quarter. Bank of America Corp DE now owns 1,095,156 shares of the company’s stock valued at $57,222,000 after acquiring 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.