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

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) shares hit a new 52-week high on Wednesday . The company traded as high as $69.94 and last traded at $69.87, with a volume of 1300285 shares changing hands. The stock had previously closed at $69.22.

iShares Core Dividend Growth ETF Trading Down 0.1%

The firm has a market capitalization of $35.35 billion, a price-to-earnings ratio of 19.66 and a beta of 0.84. The stock’s fifty day moving average price is $68.39 and its two-hundred day moving average price is $66.12.

Institutional Investors Weigh In On iShares Core Dividend Growth ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its holdings in iShares Core Dividend Growth ETF by 42.4% during the second quarter. Envestnet Asset Management Inc. now owns 13,535,976 shares of the company’s stock worth $865,424,000 after purchasing an additional 4,028,341 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of iShares Core Dividend Growth ETF in the 2nd quarter valued at $175,229,000. Jones Financial Companies Lllp raised its stake in iShares Core Dividend Growth ETF by 38.2% during the 1st quarter. Jones Financial Companies Lllp now owns 5,837,667 shares of the company’s stock worth $356,986,000 after acquiring an additional 1,612,709 shares in the last quarter. Ameriprise Financial Inc. lifted its position in iShares Core Dividend Growth ETF by 15.8% in the second quarter. Ameriprise Financial Inc. now owns 7,904,167 shares of the company’s stock valued at $504,803,000 after acquiring an additional 1,080,418 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in iShares Core Dividend Growth ETF in the third quarter valued at $65,915,000.

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.