iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Sets New 52-Week High – Here’s What Happened

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $69.42 and last traded at $69.36, with a volume of 136850 shares traded. The stock had previously closed at $69.11.

iShares Core Dividend Growth ETF Trading Up 0.4%

The business’s 50-day moving average is $68.06 and its two-hundred day moving average is $65.75. The firm has a market cap of $35.23 billion, a P/E ratio of 19.66 and a beta of 0.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Post Resch Tallon Group Inc. lifted its stake in iShares Core Dividend Growth ETF by 0.5% in the third quarter. Post Resch Tallon Group Inc. now owns 30,447 shares of the company’s stock valued at $2,073,000 after buying an additional 150 shares during the last quarter. Cvfg LLC boosted its stake in iShares Core Dividend Growth ETF by 2.3% during the 3rd quarter. Cvfg LLC now owns 6,595 shares of the company’s stock valued at $449,000 after purchasing an additional 150 shares during the period. PFG Investments LLC grew its position in iShares Core Dividend Growth ETF by 1.5% in the 3rd quarter. PFG Investments LLC now owns 10,320 shares of the company’s stock worth $703,000 after purchasing an additional 155 shares during the last quarter. First Financial Bankshares Inc increased its stake in shares of iShares Core Dividend Growth ETF by 4.6% in the first quarter. First Financial Bankshares Inc now owns 3,915 shares of the company’s stock valued at $242,000 after purchasing an additional 173 shares during the period. Finally, Wealth Management Associates Inc. raised its holdings in shares of iShares Core Dividend Growth ETF by 1.5% during the third quarter. Wealth Management Associates Inc. now owns 11,710 shares of the company’s stock valued at $797,000 after buying an additional 174 shares during the last quarter.

About iShares Core Dividend Growth ETF

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.