iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Hits New 52-Week High – Should You Buy?

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $76.05 and last traded at $75.95, with a volume of 783708 shares. The stock had previously closed at $75.39.

iShares Core Dividend Growth ETF Price Performance

The firm’s 50 day moving average price is $73.46 and its 200-day moving average price is $71.90. The stock has a market cap of $40.85 billion, a P/E ratio of 19.66 and a beta of 0.77.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Greenline Wealth Management LLC purchased a new position in shares of iShares Core Dividend Growth ETF during the fourth quarter valued at approximately $25,000. Tortoise Investment Management LLC raised its holdings in shares of iShares Core Dividend Growth ETF by 89.5% during the third quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock valued at $26,000 after purchasing an additional 179 shares during the last quarter. MBM Wealth Consultants LLC purchased a new position in shares of iShares Core Dividend Growth ETF during the first quarter valued at approximately $27,000. Ankerstar Wealth LLC purchased a new position in shares of iShares Core Dividend Growth ETF during the fourth quarter valued at approximately $26,000. Finally, Group One Trading LLC purchased a new position in shares of iShares Core Dividend Growth ETF during the third quarter valued at approximately $28,000.

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.