iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Sets New 52-Week High – Still a Buy?

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $76.25 and last traded at $76.24, with a volume of 460597 shares. The stock had previously closed at $75.79.

iShares Core Dividend Growth ETF Stock Up 0.6%

The company has a market capitalization of $41.03 billion, a price-to-earnings ratio of 19.66 and a beta of 0.77. The business has a fifty day simple moving average of $74.34 and a two-hundred day simple moving average of $72.42.

Institutional Trading of iShares Core Dividend Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. D.A. Davidson & CO. increased its stake in iShares Core Dividend Growth ETF by 9.7% during the fourth quarter. D.A. Davidson & CO. now owns 137,795 shares of the company’s stock worth $9,566,000 after acquiring an additional 12,183 shares during the last quarter. CVA Family Office LLC lifted its stake in iShares Core Dividend Growth ETF by 91.3% during the 4th quarter. CVA Family Office LLC now owns 116,205 shares of the company’s stock worth $8,067,000 after acquiring an additional 55,475 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of iShares Core Dividend Growth ETF by 7.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,907,665 shares of the company’s stock worth $132,430,000 after purchasing an additional 135,877 shares in the last quarter. Directional Asset Management purchased a new position in iShares Core Dividend Growth ETF in the 4th quarter valued at approximately $3,630,000. Finally, Pallas Capital Advisors LLC boosted its holdings in iShares Core Dividend Growth ETF by 81.7% in the fourth quarter. Pallas Capital Advisors LLC now owns 20,555 shares of the company’s stock valued at $1,427,000 after purchasing an additional 9,241 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.