Sequoia Financial Advisors LLC Makes New $312,000 Investment in iShares Core Dividend ETF (BATS:DIVB)

Sequoia Financial Advisors LLC bought a new position in shares of iShares Core Dividend ETF (BATS:DIVB) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,432 shares of the company’s stock, valued at approximately $312,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new position in iShares Core Dividend ETF during the fourth quarter worth about $47,000. GPS Wealth Strategies Group LLC grew its position in iShares Core Dividend ETF by 31.3% during the first quarter. GPS Wealth Strategies Group LLC now owns 1,472 shares of the company’s stock worth $71,000 after buying an additional 351 shares during the period. Beacon Financial Group acquired a new position in iShares Core Dividend ETF during the first quarter worth about $234,000. KWB Wealth grew its position in iShares Core Dividend ETF by 5.2% during the first quarter. KWB Wealth now owns 4,908 shares of the company’s stock worth $233,000 after buying an additional 242 shares during the period. Finally, Aptus Capital Advisors LLC grew its position in iShares Core Dividend ETF by 16,283.3% during the fourth quarter. Aptus Capital Advisors LLC now owns 4,915 shares of the company’s stock worth $233,000 after buying an additional 4,885 shares during the period.

iShares Core Dividend ETF Trading Up 7.9%

Shares of DIVB opened at $51.44 on Friday. The firm’s 50-day moving average is $48.63 and its two-hundred day moving average is $48.20. The firm has a market capitalization of $946.50 million, a P/E ratio of 17.52 and a beta of 0.94. iShares Core Dividend ETF has a twelve month low of $41.80 and a twelve month high of $51.55.

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.