iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Sets New 52-Week High – Time to Buy?

Shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $79.87 and last traded at $79.81, with a volume of 90556 shares. The stock had previously closed at $79.62.

iShares Core Dividend Growth ETF Price Performance

The stock has a 50-day moving average price of $76.72 and a 200 day moving average price of $73.94. The firm has a market cap of $43.70 billion, a price-to-earnings ratio of 19.66 and a beta of 0.76.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Auto Owners Insurance Co lifted its stake in iShares Core Dividend Growth ETF by 9,203.2% in the fourth quarter. Auto Owners Insurance Co now owns 47,865,090 shares of the company’s stock valued at $332,280,000 after buying an additional 47,350,590 shares during the last quarter. Morgan Stanley grew its position in shares of iShares Core Dividend Growth ETF by 1.7% during the fourth quarter. Morgan Stanley now owns 19,366,070 shares of the company’s stock worth $1,344,393,000 after acquiring an additional 331,748 shares during the last quarter. LPL Financial LLC increased its holdings in shares of 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 valued at $1,302,551,000 after acquiring an additional 595,710 shares during the period. Bank of America Corp DE increased its holdings in shares of iShares Core Dividend Growth ETF by 2.3% in the 2nd quarter. Bank of America Corp DE now owns 18,467,081 shares of the company’s stock valued at $1,180,785,000 after acquiring an additional 413,365 shares during the period. Finally, Wealthfront Advisers LLC raised its position in iShares Core Dividend Growth ETF by 25.1% in the 1st quarter. Wealthfront Advisers LLC now owns 17,425,702 shares of the company’s stock valued at $1,222,936,000 after purchasing an additional 3,494,469 shares during the last quarter.

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.