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

iShares Core Dividend Growth ETF (NYSEARCA:DGRO)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $76.11 and last traded at $76.07, with a volume of 357191 shares traded. The stock had previously closed at $75.24.

iShares Core Dividend Growth ETF Trading Up 0.4%

The firm has a market cap of $40.79 billion, a price-to-earnings ratio of 19.66 and a beta of 0.77. The stock’s fifty day moving average price is $74.22 and its 200-day moving average price is $72.31.

Hedge Funds Weigh In On iShares Core Dividend Growth ETF

Institutional investors have recently modified their holdings of the business. Brighton Jones LLC raised its position in shares of iShares Core Dividend Growth ETF by 52.5% during the 4th quarter. Brighton Jones LLC now owns 6,696 shares of the company’s stock worth $411,000 after acquiring an additional 2,304 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of iShares Core Dividend Growth ETF by 95.4% in the 1st quarter. AQR Capital Management LLC now owns 13,842 shares of the company’s stock valued at $855,000 after purchasing an additional 6,758 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of iShares Core Dividend Growth ETF by 114.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,204 shares of the company’s stock valued at $77,000 after purchasing an additional 643 shares during the last quarter. Glenview Trust co boosted its position in shares of iShares Core Dividend Growth ETF by 7.2% in the 2nd quarter. Glenview Trust co now owns 9,516 shares of the company’s stock valued at $608,000 after purchasing an additional 637 shares during the period. Finally, Main Street Financial Solutions LLC boosted its position in shares of iShares Core Dividend Growth ETF by 2.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 12,191 shares of the company’s stock valued at $779,000 after purchasing an additional 305 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.