iShares Core Dividend ETF (BATS:DIVB) Reaches New 12-Month High – Here’s What Happened

iShares Core Dividend ETF (BATS:DIVB)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $65.06 and last traded at $65.02, with a volume of 7414 shares traded. The stock had previously closed at $64.55.

iShares Core Dividend ETF Stock Performance

The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 17.52 and a beta of 0.94. The business has a fifty day moving average of $61.99 and a two-hundred day moving average of $57.74.

Institutional Inflows and Outflows

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