iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Hits New 12-Month High – What’s Next?

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $62.89 and last traded at $62.88, with a volume of 314549 shares trading hands. The stock had previously closed at $62.31.

iShares Core Dividend Growth ETF Price Performance

The stock has a market cap of $29.78 billion, a price-to-earnings ratio of 19.25 and a beta of 0.71. The company’s 50 day moving average is $61.13 and its 200 day moving average is $58.84.

Institutional Investors Weigh In On iShares Core Dividend Growth ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vima LLC purchased a new stake in iShares Core Dividend Growth ETF during the fourth quarter worth $25,000. Voisard Asset Management Group Inc. purchased a new stake in iShares Core Dividend Growth ETF in the 4th quarter valued at approximately $27,000. Tsfg LLC lifted its stake in iShares Core Dividend Growth ETF by 104.1% in the 2nd quarter. Tsfg LLC now owns 496 shares of the company’s stock valued at $29,000 after buying an additional 253 shares in the last quarter. ZRC Wealth Management LLC acquired a new stake in iShares Core Dividend Growth ETF during the 1st quarter valued at $44,000. Finally, Central Bank & Trust Co. increased its position in iShares Core Dividend Growth ETF by 67.5% during the first quarter. Central Bank & Trust Co. now owns 774 shares of the company’s stock worth $45,000 after buying an additional 312 shares in the last quarter.

iShares Core Dividend Growth ETF Company Profile

The iShares Core Dividend Growth ETF (DGRO) is an exchange-traded fund that is based on the Morningstar US Dividend Growth index. The fund tracks an index of US stocks that are selected by dividends, dividend growth and payout ratio, then weighted by dividend dollars. DGRO was launched on Jun 10, 2014 and is managed by BlackRock.