iShares International Dividend Growth ETF (BATS:IGRO) Hits New 52-Week High – Here’s Why

iShares International Dividend Growth ETF (BATS:IGROGet Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $93.57 and last traded at $93.5290, with a volume of 649 shares. The stock had previously closed at $91.81.

iShares International Dividend Growth ETF Stock Performance

The company’s 50-day simple moving average is $90.88 and its 200 day simple moving average is $88.28. The company has a market cap of $1.42 billion, a PE ratio of 16.33 and a beta of 0.74.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IGRO. Sunbelt Securities Inc. increased its holdings in iShares International Dividend Growth ETF by 1.0% during the 1st quarter. Sunbelt Securities Inc. now owns 45,510 shares of the company’s stock worth $3,812,000 after purchasing an additional 443 shares during the period. Commonwealth Retirement Investments LLC purchased a new position in shares of iShares International Dividend Growth ETF in the 4th quarter valued at about $41,000. Arax Advisory Partners purchased a new position in iShares International Dividend Growth ETF in the fourth quarter worth approximately $86,000. PNC Financial Services Group Inc. lifted its position in shares of iShares International Dividend Growth ETF by 12.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,365 shares of the company’s stock worth $858,000 after purchasing an additional 1,122 shares during the last quarter. Finally, Triumph Capital Management acquired a new position in shares of iShares International Dividend Growth ETF during the 3rd quarter worth about $108,000.

About iShares International Dividend Growth ETF

(Get Free Report)

The iShares International Dividend Growth ETF (IGRO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of international equities that have growing dividends. IGRO was launched on May 17, 2016 and is managed by BlackRock.

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