iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Reaches New 52-Week High – What’s Next?

Shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) hit a new 52-week high during trading on Monday . The stock traded as high as $71.12 and last traded at $71.07, with a volume of 2020523 shares traded. The stock had previously closed at $70.97.

iShares Core Dividend Growth ETF Stock Performance

The stock’s fifty day simple moving average is $69.31 and its two-hundred day simple moving average is $67.55. The company has a market cap of $36.84 billion, a price-to-earnings ratio of 19.66 and a beta of 0.84.

Institutional Investors Weigh In On iShares Core Dividend Growth ETF

A number of institutional investors have recently added to or reduced their stakes in DGRO. CVA Family Office LLC lifted its stake in shares of iShares Core Dividend Growth ETF by 91.3% in the 4th quarter. CVA Family Office LLC now owns 116,205 shares of the company’s stock valued at $8,067,000 after purchasing an additional 55,475 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in iShares Core Dividend Growth ETF by 1.9% in the fourth quarter. DAVENPORT & Co LLC now owns 302,641 shares of the company’s stock valued at $21,009,000 after buying an additional 5,512 shares during the period. Scott Capital Advisors LLC lifted its position in iShares Core Dividend Growth ETF by 10.4% during the fourth quarter. Scott Capital Advisors LLC now owns 506,922 shares of the company’s stock valued at $35,191,000 after buying an additional 47,934 shares in the last quarter. JGP Wealth Management LLC lifted its position in iShares Core Dividend Growth ETF by 2.9% during the fourth quarter. JGP Wealth Management LLC now owns 502,029 shares of the company’s stock valued at $34,851,000 after buying an additional 14,253 shares in the last quarter. Finally, BOS Asset Management LLC grew its stake in iShares Core Dividend Growth ETF by 24.5% during the fourth quarter. BOS Asset Management LLC now owns 7,349 shares of the company’s stock worth $510,000 after buying an additional 1,446 shares during the period.

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.