iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Sets New 1-Year High – Should You Buy?

iShares Core Dividend Growth ETF (NYSEARCA:DGRO)’s stock price reached a new 52-week high on Friday . The stock traded as high as $74.71 and last traded at $74.66, with a volume of 108719 shares changing hands. The stock had previously closed at $74.15.

iShares Core Dividend Growth ETF Stock Performance

The company has a fifty day moving average of $71.83 and a two-hundred day moving average of $71.13. The company has a market cap of $40.21 billion, a PE ratio of 19.66 and a beta of 0.77.

Institutional Trading of iShares Core Dividend Growth ETF

Several hedge funds and other institutional investors have recently bought and sold shares of DGRO. Auto Owners Insurance Co raised its holdings in iShares Core Dividend Growth ETF by 9,203.2% during the 4th quarter. Auto Owners Insurance Co now owns 47,865,090 shares of the company’s stock valued at $332,280,000 after buying an additional 47,350,590 shares during the period. Wealthfront Advisers LLC raised its holdings in iShares Core Dividend Growth ETF by 25.1% during the 1st quarter. Wealthfront Advisers LLC now owns 17,425,702 shares of the company’s stock valued at $1,222,936,000 after buying an additional 3,494,469 shares during the period. Royal Bank of Canada raised its holdings in iShares Core Dividend Growth ETF by 24.0% during the 4th quarter. Royal Bank of Canada now owns 8,137,125 shares of the company’s stock valued at $564,879,000 after buying an additional 1,576,241 shares during the period. Quotient Wealth Partners LLC purchased a new stake in iShares Core Dividend Growth ETF during the 1st quarter valued at $85,806,000. Finally, SHP Wealth Management purchased a new stake in iShares Core Dividend Growth ETF during the 4th quarter valued at $84,235,000.

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.