Sovran Advisors LLC Invests $1.17 Million in iShares Core Dividend ETF (BATS:DIVB)

Sovran Advisors LLC bought a new stake in shares of iShares Core Dividend ETF (BATS:DIVB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,565 shares of the company’s stock, valued at approximately $1,172,000. Sovran Advisors LLC owned approximately 0.31% of iShares Core Dividend ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC increased its stake in iShares Core Dividend ETF by 863.8% in 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 4th quarter worth about $32,000. GPS Wealth Strategies Group LLC grew its stake in shares of iShares Core Dividend ETF by 858.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,121 shares of the company’s stock valued at $53,000 after buying an additional 1,004 shares during the period. Valley National Advisers Inc. increased its position in iShares Core Dividend ETF by 353.6% in the 3rd quarter. Valley National Advisers Inc. now owns 2,295 shares of the company’s stock valued at $110,000 after buying an additional 1,789 shares in the last quarter. Finally, FMR LLC raised its stake in iShares Core Dividend ETF by 23.9% during the 3rd quarter. FMR LLC now owns 2,601 shares of the company’s stock worth $126,000 after buying an additional 501 shares during the period.

iShares Core Dividend ETF Stock Performance

Shares of iShares Core Dividend ETF stock opened at $49.81 on Wednesday. The stock has a market capitalization of $393.49 million, a PE ratio of 16.30 and a beta of 0.78. iShares Core Dividend ETF has a 52 week low of $20.77 and a 52 week high of $32.90. The stock has a 50 day moving average price of $48.62 and a two-hundred day moving average price of $48.28.

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.