Absolute Capital Management LLC Increases Stock Holdings in iShares Core Dividend ETF $DIVB

Absolute Capital Management LLC lifted its stake in iShares Core Dividend ETF (BATS:DIVB) by 45.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,513 shares of the company’s stock after acquiring an additional 54,513 shares during the period. iShares Core Dividend ETF accounts for 3.9% of Absolute Capital Management LLC’s portfolio, making the stock its 3rd largest position. Absolute Capital Management LLC owned 0.95% of iShares Core Dividend ETF worth $9,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in iShares Core Dividend ETF by 16.6% in the second quarter. Bank of America Corp DE now owns 708,560 shares of the company’s stock valued at $35,655,000 after purchasing an additional 100,621 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of iShares Core Dividend ETF by 53.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 630,300 shares of the company’s stock valued at $31,717,000 after buying an additional 219,781 shares in the last quarter. IAG Wealth Partners LLC bought a new stake in shares of iShares Core Dividend ETF in the 2nd quarter valued at about $25,812,000. Corient Private Wealth LLC grew its position in shares of iShares Core Dividend ETF by 0.4% in the 2nd quarter. Corient Private Wealth LLC now owns 453,781 shares of the company’s stock worth $22,834,000 after buying an additional 1,914 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of iShares Core Dividend ETF by 196.2% during the 2nd quarter. Cetera Investment Advisers now owns 429,967 shares of the company’s stock worth $21,636,000 after acquiring an additional 284,793 shares in the last quarter.

iShares Core Dividend ETF Stock Up 0.4%

BATS:DIVB opened at $54.60 on Thursday. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 17.52 and a beta of 0.94. iShares Core Dividend ETF has a 52 week low of $41.80 and a 52 week high of $51.76. The firm has a 50 day moving average of $53.56 and a 200 day moving average of $52.24.

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.