iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Hits New 1-Year High – Here’s Why

iShares Core Dividend Growth ETF (NYSEARCA:DGRO)’s stock price hit a new 52-week high during trading on Wednesday. The company traded as high as $82.02 and last traded at $81.7680, with a volume of 257,868 shares changing hands. The stock had previously closed at $80.76.

iShares Core Dividend Growth ETF Stock Performance

The firm has a market capitalization of $45.96 billion, a P/E ratio of 19.66 and a beta of 0.75. The firm has a 50 day moving average price of $78.21 and a two-hundred day moving average price of $75.25.

Institutional Investors Weigh In On iShares Core Dividend Growth ETF

Several hedge funds have recently modified their holdings of the stock. Concurrent Investment Advisors LLC boosted its holdings in iShares Core Dividend Growth ETF by 84.2% during the second quarter. Concurrent Investment Advisors LLC now owns 197,951 shares of the company’s stock valued at $15,003,000 after acquiring an additional 90,503 shares during the period. Envestnet Asset Management Inc. grew its position in shares of iShares Core Dividend Growth ETF by 4.4% in the second quarter. Envestnet Asset Management Inc. now owns 11,099,887 shares of the company’s stock valued at $841,260,000 after purchasing an additional 472,809 shares during the last quarter. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of iShares Core Dividend Growth ETF in the third quarter valued at about $1,249,000. Citizens Financial Group Inc. RI bought a new position in shares of iShares Core Dividend Growth ETF in the third quarter worth about $1,125,000. Finally, Accel Wealth Management increased its stake in shares of iShares Core Dividend Growth ETF by 6.6% in the second quarter. Accel Wealth Management now owns 258,988 shares of the company’s stock worth $19,629,000 after purchasing an additional 15,988 shares during the period.

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.