iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Hits New 1-Year High – Time to Buy?

Shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) reached a new 52-week high on Monday . The company traded as high as $78.48 and last traded at $78.39, with a volume of 258575 shares. The stock had previously closed at $77.84.

iShares Core Dividend Growth ETF Price Performance

The firm has a 50 day moving average of $75.76 and a 200-day moving average of $73.33. The stock has a market capitalization of $42.83 billion, a P/E ratio of 19.66 and a beta of 0.77.

Institutional Trading of iShares Core Dividend Growth ETF

A number of institutional investors and hedge funds have recently modified their holdings of DGRO. Brighton Jones LLC raised its stake in shares of iShares Core Dividend Growth ETF by 52.5% in the fourth quarter. Brighton Jones LLC now owns 6,696 shares of the company’s stock valued at $411,000 after purchasing an additional 2,304 shares in the last quarter. AQR Capital Management LLC boosted its stake in iShares Core Dividend Growth ETF by 95.4% during the first quarter. AQR Capital Management LLC now owns 13,842 shares of the company’s stock worth $855,000 after buying an additional 6,758 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in iShares Core Dividend Growth ETF by 114.6% during the second quarter. Russell Investments Group Ltd. now owns 1,204 shares of the company’s stock worth $77,000 after buying an additional 643 shares in the last quarter. Glenview Trust co boosted its stake in iShares Core Dividend Growth ETF by 7.2% during the second quarter. Glenview Trust co now owns 9,516 shares of the company’s stock worth $608,000 after buying an additional 637 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its holdings in 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 buying 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.