iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Hits New 1-Year High – What’s Next?

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) reached a new 52-week high during trading on Wednesday . The company traded as high as $79.56 and last traded at $79.56, with a volume of 1993 shares. The stock had previously closed at $79.13.

iShares Core Dividend Growth ETF Stock Up 0.3%

The firm has a fifty day moving average price of $76.35 and a two-hundred day moving average price of $73.71. The stock has a market capitalization of $43.49 billion, a P/E ratio of 19.66 and a beta of 0.76.

Institutional Trading of iShares Core Dividend Growth ETF

Several institutional investors have recently bought and sold shares of the company. D.A. Davidson & CO. lifted its holdings in shares of 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 valued at $9,566,000 after purchasing an additional 12,183 shares in the last quarter. Directional Asset Management purchased a new position in iShares Core Dividend Growth ETF in the 4th quarter worth about $3,630,000. CWM LLC lifted its stake in iShares Core Dividend Growth ETF by 21.6% during the 4th quarter. CWM LLC now owns 117,514 shares of the company’s stock valued at $8,158,000 after acquiring an additional 20,852 shares during the period. Twelve Points Wealth Management LLC boosted its holdings in shares of iShares Core Dividend Growth ETF by 29.4% during the 4th quarter. Twelve Points Wealth Management LLC now owns 134,496 shares of the company’s stock valued at $9,545,000 after acquiring an additional 30,531 shares during the last quarter. Finally, FORM Wealth Advisors LLC bought a new stake in shares of iShares Core Dividend Growth ETF in the fourth quarter worth approximately $41,037,000.

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.