iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Reaches New 1-Year High – Time to Buy?

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) shares reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as $82.02 and last traded at $81.7680, with a volume of 257,868 shares changing hands. The stock had previously closed at $80.76.

iShares Core Dividend Growth ETF Stock Performance

The company has a 50-day simple moving average of $78.21 and a 200 day simple moving average of $75.25. The company has a market capitalization of $45.96 billion, a P/E ratio of 19.66 and a beta of 0.75.

Institutional Investors Weigh In On iShares Core Dividend Growth ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Next Level Wealth Planning LLC acquired a new stake in iShares Core Dividend Growth ETF in the 3rd quarter worth $27,000. John Boyer Inc. bought a new position in shares of iShares Core Dividend Growth ETF during the 3rd quarter worth about $35,000. Financial Freedom LLC acquired a new position in shares of iShares Core Dividend Growth ETF during the first quarter valued at about $35,000. IAG Wealth Partners LLC raised its position in shares of iShares Core Dividend Growth ETF by 100.7% during the first quarter. IAG Wealth Partners LLC now owns 592 shares of the company’s stock valued at $42,000 after buying an additional 297 shares during the last quarter. Finally, Tompkins Financial Corp acquired a new position in shares of iShares Core Dividend Growth ETF during the third quarter valued at about $50,000.

iShares Core Dividend Growth ETF Company Profile

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.