iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Sets New 52-Week High – What’s Next?

iShares Core Dividend Growth ETF (NYSEARCA:DGRO)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $69.27 and last traded at $69.19, with a volume of 227781 shares changing hands. The stock had previously closed at $68.78.

iShares Core Dividend Growth ETF Stock Down 0.2%

The firm has a 50-day moving average price of $67.98 and a two-hundred day moving average price of $65.31. The firm has a market cap of $34.73 billion, a PE ratio of 19.66 and a beta of 0.84.

Institutional Trading of iShares Core Dividend Growth ETF

Several large investors have recently added to or reduced their stakes in the stock. Proathlete Wealth Management LLC acquired a new position in iShares Core Dividend Growth ETF in the second quarter valued at about $25,000. Tortoise Investment Management LLC grew its stake in shares of iShares Core Dividend Growth ETF by 89.5% in the third quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock worth $26,000 after acquiring an additional 179 shares in the last quarter. Rise Advisors LLC acquired a new stake in iShares Core Dividend Growth ETF in the 1st quarter valued at about $27,000. Private Wealth Asset Management LLC purchased a new position in iShares Core Dividend Growth ETF in the second quarter worth approximately $28,000. Finally, Group One Trading LLC acquired a new position in iShares Core Dividend Growth ETF during the 3rd quarter worth approximately $28,000.

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.