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 reached a new 52-week high during trading on Wednesday. The company traded as high as $82.02 and last traded at $81.7680, with a volume of 257,868 shares. The stock had previously closed at $80.76.

iShares Core Dividend Growth ETF Stock Down 2.8%

The company has a market cap of $44.84 billion, a P/E ratio of 19.66 and a beta of 0.75. The firm has a fifty day moving average price of $78.27 and a 200 day moving average price of $75.35.

Institutional Inflows and Outflows

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

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.