Financial Advocates Investment Management Sells 13,310 Shares of iShares Core Dividend ETF (BATS:DIVB)

Financial Advocates Investment Management cut its holdings in iShares Core Dividend ETF (BATS:DIVB) by 47.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,523 shares of the company’s stock after selling 13,310 shares during the quarter. Financial Advocates Investment Management’s holdings in iShares Core Dividend ETF were worth $704,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DIVB. Valley National Advisers Inc. boosted its position in iShares Core Dividend ETF by 353.6% during the 3rd quarter. Valley National Advisers Inc. now owns 2,295 shares of the company’s stock worth $110,000 after acquiring an additional 1,789 shares during the last quarter. TruWealth Advisors LLC bought a new stake in iShares Core Dividend ETF in the 3rd quarter valued at $205,000. Key Financial Inc bought a new position in iShares Core Dividend ETF during the 2nd quarter worth $208,000. Liberty Wealth Management LLC bought a new position in iShares Core Dividend ETF during the 1st quarter worth $211,000. Finally, Walter & Keenan Wealth Management LLC IN ADV bought a new position in iShares Core Dividend ETF during the 3rd quarter worth $218,000.

iShares Core Dividend ETF Stock Performance

Shares of BATS DIVB opened at $48.17 on Friday. iShares Core Dividend ETF has a 52 week low of $20.77 and a 52 week high of $32.90. The stock has a market capitalization of $380.54 million, a P/E ratio of 16.30 and a beta of 0.78. The stock’s fifty day moving average is $48.22 and its 200 day moving average is $45.77.

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.