iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Hits New 1-Year High – Time to Buy?

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) hit a new 52-week high during trading on Monday . The company traded as high as $71.12 and last traded at $71.07, with a volume of 2020523 shares. The stock had previously closed at $70.97.

iShares Core Dividend Growth ETF Price Performance

The firm has a market cap of $36.84 billion, a price-to-earnings ratio of 19.66 and a beta of 0.84. The business’s 50-day moving average price is $69.31 and its two-hundred day moving average price is $67.55.

Institutional Investors Weigh In On iShares Core Dividend Growth ETF

Several hedge funds have recently made changes to their positions in DGRO. Proathlete Wealth Management LLC purchased a new position in iShares Core Dividend Growth ETF during the second quarter worth about $25,000. Tortoise Investment Management LLC increased its stake in shares of iShares Core Dividend Growth ETF by 89.5% during the 3rd quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock valued at $26,000 after acquiring an additional 179 shares during the last quarter. Private Wealth Asset Management LLC purchased a new position in shares of iShares Core Dividend Growth ETF during the 2nd quarter worth about $28,000. Group One Trading LLC purchased a new position in shares of iShares Core Dividend Growth ETF during the 3rd quarter worth about $28,000. Finally, Costello Asset Management INC boosted its position in shares of iShares Core Dividend Growth ETF by 79.5% in the third quarter. Costello Asset Management INC now owns 420 shares of the company’s stock worth $29,000 after acquiring an additional 186 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.