iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Reaches New 52-Week High – Here’s Why

Shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) reached a new 52-week high on Friday . The company traded as high as $68.90 and last traded at $68.90, with a volume of 1856200 shares trading hands. The stock had previously closed at $68.42.

iShares Core Dividend Growth ETF Stock Up 0.4%

The firm has a market capitalization of $34.73 billion, a P/E ratio of 19.66 and a beta of 0.89. The company has a fifty day simple moving average of $67.51 and a 200 day simple moving average of $64.30.

Institutional Trading of iShares Core Dividend Growth ETF

Institutional investors have recently bought and sold shares of the company. First Financial Bankshares Inc lifted its stake in shares of iShares Core Dividend Growth ETF by 4.6% in the first quarter. First Financial Bankshares Inc now owns 3,915 shares of the company’s stock worth $242,000 after buying an additional 173 shares in the last quarter. Wealth Management Associates Inc. raised its holdings in iShares Core Dividend Growth ETF by 1.5% in the 3rd quarter. Wealth Management Associates Inc. now owns 11,710 shares of the company’s stock worth $797,000 after acquiring an additional 174 shares during the last quarter. McKinley Carter Wealth Services Inc. raised its holdings in iShares Core Dividend Growth ETF by 0.6% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 29,919 shares of the company’s stock worth $1,913,000 after acquiring an additional 180 shares during the last quarter. Summit Wealth Partners LLC lifted its position in iShares Core Dividend Growth ETF by 0.5% in the 3rd quarter. Summit Wealth Partners LLC now owns 38,664 shares of the company’s stock valued at $2,632,000 after acquiring an additional 180 shares in the last quarter. Finally, PCA Investment Advisory Services Inc. boosted its stake in iShares Core Dividend Growth ETF by 1.4% during the 2nd quarter. PCA Investment Advisory Services Inc. now owns 12,991 shares of the company’s stock valued at $831,000 after purchasing an additional 181 shares during the last quarter.

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.