Envestnet Asset Management Inc. Sells 39,931 Shares of iShares Core Dividend ETF (BATS:DIVB)

Envestnet Asset Management Inc. trimmed its holdings in iShares Core Dividend ETF (BATS:DIVB) by 46.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 46,309 shares of the company’s stock after selling 39,931 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares Core Dividend ETF were worth $2,195,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sound Income Strategies LLC grew its position in shares of 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 stake in shares of iShares Core Dividend ETF during the fourth quarter valued at about $32,000. PNC Financial Services Group Inc. purchased a new stake in shares of iShares Core Dividend ETF in the fourth quarter worth about $47,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of iShares Core Dividend ETF by 858.1% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,121 shares of the company’s stock worth $53,000 after buying an additional 1,004 shares in the last quarter. Finally, Valley National Advisers Inc. boosted its position in shares of iShares Core Dividend ETF by 47.5% in the fourth quarter. Valley National Advisers Inc. now owns 3,386 shares of the company’s stock valued at $159,000 after acquiring an additional 1,091 shares during the period.

iShares Core Dividend ETF Trading Down 3.6 %

iShares Core Dividend ETF stock opened at $45.98 on Friday. iShares Core Dividend ETF has a 1-year low of $41.80 and a 1-year high of $51.14. The firm has a market capitalization of $726.48 million, a PE ratio of 17.91 and a beta of 0.95. The firm’s 50 day simple moving average is $47.40 and its 200 day simple moving average is $48.49.

iShares Core Dividend ETF 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.