iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Reaches New 1-Year High – Here’s Why

iShares Core Dividend Growth ETF (NYSEARCA:DGROGet Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $64.63 and last traded at $64.63, with a volume of 1117 shares traded. The stock had previously closed at $64.26.

iShares Core Dividend Growth ETF Price Performance

The company has a market capitalization of $30.66 billion, a price-to-earnings ratio of 19.25 and a beta of 0.71. The business’s 50-day moving average price is $62.98 and its two-hundred day moving average price is $60.41.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Adell Harriman & Carpenter Inc. raised its position in iShares Core Dividend Growth ETF by 1.6% during the third quarter. Adell Harriman & Carpenter Inc. now owns 10,613 shares of the company’s stock valued at $665,000 after purchasing an additional 170 shares in the last quarter. Empire Financial Management Company LLC lifted its position in shares of iShares Core Dividend Growth ETF by 2.7% during the 3rd quarter. Empire Financial Management Company LLC now owns 6,459 shares of the company’s stock worth $405,000 after buying an additional 171 shares during the last quarter. GSG Advisors LLC boosted its stake in iShares Core Dividend Growth ETF by 0.5% in the third quarter. GSG Advisors LLC now owns 35,815 shares of the company’s stock valued at $2,238,000 after buying an additional 186 shares in the last quarter. Alta Wealth Advisors LLC boosted its stake in iShares Core Dividend Growth ETF by 2.6% in the third quarter. Alta Wealth Advisors LLC now owns 7,693 shares of the company’s stock valued at $482,000 after buying an additional 194 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its position in iShares Core Dividend Growth ETF by 5.7% in the second quarter. HHM Wealth Advisors LLC now owns 3,730 shares of the company’s stock valued at $215,000 after acquiring an additional 200 shares during the last quarter.

About iShares Core Dividend Growth ETF

(Get Free Report)

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.

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