iShares Core Dividend ETF (BATS:DIVB) Hits New 52-Week High – Should You Buy?

iShares Core Dividend ETF (BATS:DIVB) shares reached a new 52-week high on Thursday . The company traded as high as $69.37 and last traded at $69.21, with a volume of 347984 shares changing hands. The stock had previously closed at $68.87.

iShares Core Dividend ETF Trading Down 1.0%

The company has a market cap of $1.27 billion, a PE ratio of 17.52 and a beta of 0.94. The firm’s fifty day moving average is $66.07 and its 200 day moving average is $60.40.

Hedge Funds Weigh In On iShares Core Dividend ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Capital Advisors Ltd. LLC lifted its stake in 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 purchasing an additional 185 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of iShares Core Dividend ETF by 2.7% during the 3rd quarter. Advisory Services Network LLC now owns 8,864 shares of the company’s stock worth $463,000 after purchasing an additional 232 shares during the period. CreativeOne Wealth LLC increased its position in shares of iShares Core Dividend ETF by 1.8% during the fourth quarter. CreativeOne Wealth LLC now owns 17,892 shares of the company’s stock valued at $951,000 after acquiring an additional 315 shares during the last quarter. Csenge Advisory Group raised its position in iShares Core Dividend ETF by 6.1% in the fourth quarter. Csenge Advisory Group now owns 5,547 shares of the company’s stock valued at $295,000 after purchasing an additional 317 shares during the period. Finally, Citizens National Bank Trust Department raised its holdings in shares of 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 valued at $298,000 after buying an additional 328 shares during the period.

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.