iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Reaches New 52-Week High – What’s Next?

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $77.47 and last traded at $77.27, with a volume of 1511263 shares traded. The stock had previously closed at $77.26.

iShares Core Dividend Growth ETF Price Performance

The firm has a market cap of $41.83 billion, a PE ratio of 19.66 and a beta of 0.77. The company’s 50 day moving average price is $74.84 and its 200 day moving average price is $72.72.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Opulen Financial Group LLC boosted its holdings in shares of iShares Core Dividend Growth ETF by 0.7% in the 4th quarter. Opulen Financial Group LLC now owns 19,879 shares of the company’s stock valued at $1,380,000 after buying an additional 136 shares in the last quarter. Sharp Wealth Advisory LLC grew its position in iShares Core Dividend Growth ETF by 4.3% during the 1st quarter. Sharp Wealth Advisory LLC now owns 3,361 shares of the company’s stock worth $236,000 after purchasing an additional 139 shares during the last quarter. Dakota Wealth Management grew its position in iShares Core Dividend Growth ETF by 3.3% during the 4th quarter. Dakota Wealth Management now owns 4,755 shares of the company’s stock worth $330,000 after purchasing an additional 150 shares during the last quarter. Huntleigh Advisors Inc. increased its stake in iShares Core Dividend Growth ETF by 4.3% in the fourth quarter. Huntleigh Advisors Inc. now owns 3,610 shares of the company’s stock valued at $251,000 after purchasing an additional 150 shares during the period. Finally, Centerpoint Advisory Group increased its stake in iShares Core Dividend Growth ETF by 0.4% in the fourth quarter. Centerpoint Advisory Group now owns 35,329 shares of the company’s stock valued at $2,453,000 after purchasing an additional 153 shares during the period.

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.