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

Shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $76.25 and last traded at $76.24, with a volume of 460597 shares. The stock had previously closed at $75.79.

iShares Core Dividend Growth ETF Stock Performance

The stock has a market cap of $41.99 billion, a PE ratio of 19.66 and a beta of 0.76. The firm has a fifty day moving average price of $74.49 and a 200 day moving average price of $72.51.

Institutional Investors Weigh In On iShares Core Dividend Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Auto Owners Insurance Co increased its holdings in shares of iShares Core Dividend Growth ETF by 9,203.2% during the fourth quarter. Auto Owners Insurance Co now owns 47,865,090 shares of the company’s stock valued at $332,280,000 after acquiring an additional 47,350,590 shares in the last quarter. Morgan Stanley boosted its stake in iShares Core Dividend Growth ETF by 1.7% in the 4th quarter. Morgan Stanley now owns 19,366,070 shares of the company’s stock worth $1,344,393,000 after purchasing an additional 331,748 shares in the last quarter. LPL Financial LLC boosted its stake in iShares Core Dividend Growth ETF by 3.3% in the 4th quarter. LPL Financial LLC now owns 18,763,346 shares of the company’s stock worth $1,302,551,000 after purchasing an additional 595,710 shares in the last quarter. Bank of America Corp DE grew its position in iShares Core Dividend Growth ETF by 1.1% during the 3rd quarter. Bank of America Corp DE now owns 18,662,292 shares of the company’s stock worth $1,270,529,000 after purchasing an additional 195,211 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its position 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 worth $1,222,936,000 after purchasing an additional 3,494,469 shares during the last quarter.

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.