iShares Core Dividend ETF (BATS:DIVB) Hits New 52-Week High – What’s Next?

Shares of iShares Core Dividend ETF (BATS:DIVB) reached a new 52-week high during trading on Friday . The company traded as high as $64.56 and last traded at $64.56, with a volume of 6821 shares. The stock had previously closed at $64.16.

iShares Core Dividend ETF Trading Down 0.5%

The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 17.52 and a beta of 0.94. The business’s 50 day moving average price is $61.47 and its two-hundred day moving average price is $57.35.

Institutional Trading of iShares Core Dividend ETF

A number of hedge funds have recently added to or reduced their stakes in DIVB. Miller Capital Partners Inc. acquired a new position in shares of iShares Core Dividend ETF during the fourth quarter worth $40,000. CWM LLC bought a new position in shares of iShares Core Dividend ETF in the 4th quarter valued at $70,000. United Advisor Group LLC acquired a new stake in shares of iShares Core Dividend ETF during the 4th quarter valued at $203,000. Wiregrass Investment Management LLC acquired a new stake in shares of iShares Core Dividend ETF during the 4th quarter valued at $204,000. Finally, Next Capital Management LLC bought a new stake in iShares Core Dividend ETF during the 4th quarter worth $205,000.

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.