Raymond James Financial Inc. Invests $9.63 Million in iShares Core Dividend ETF (BATS:DIVB)

Raymond James Financial Inc. bought a new position in iShares Core Dividend ETF (BATS:DIVB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 203,234 shares of the company’s stock, valued at approximately $9,633,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DIVB. Sound Income Strategies LLC lifted its holdings in shares of iShares Core Dividend ETF by 863.8% during the fourth quarter. Sound Income Strategies LLC now owns 559 shares of the company’s stock valued at $26,000 after purchasing an additional 501 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of iShares Core Dividend ETF during the fourth quarter valued at $32,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of iShares Core Dividend ETF by 858.1% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,121 shares of the company’s stock valued at $53,000 after purchasing an additional 1,004 shares in the last quarter. FMR LLC lifted its holdings in shares of iShares Core Dividend ETF by 23.9% during the third quarter. FMR LLC now owns 2,601 shares of the company’s stock valued at $126,000 after purchasing an additional 501 shares in the last quarter. Finally, Valley National Advisers Inc. lifted its holdings in shares of iShares Core Dividend ETF by 47.5% during the fourth quarter. Valley National Advisers Inc. now owns 3,386 shares of the company’s stock valued at $159,000 after purchasing an additional 1,091 shares in the last quarter.

iShares Core Dividend ETF Stock Performance

DIVB stock opened at $48.08 on Friday. iShares Core Dividend ETF has a fifty-two week low of $42.03 and a fifty-two week high of $51.14. The business’s 50-day moving average is $49.24 and its two-hundred day moving average is $48.87. The company has a market cap of $663.52 million, a price-to-earnings ratio of 19.35 and a beta of 0.99.

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.