iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Hits New 12-Month High – What’s Next?

iShares Core Dividend Growth ETF (NYSEARCA:DGRO)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $72.41 and last traded at $72.33, with a volume of 2251786 shares traded. The stock had previously closed at $71.83.

iShares Core Dividend Growth ETF Stock Performance

The company has a 50 day moving average of $70.33 and a 200 day moving average of $68.26. The stock has a market capitalization of $37.74 billion, a price-to-earnings ratio of 19.66 and a beta of 0.84.

Institutional Trading of iShares Core Dividend Growth ETF

A number of hedge funds have recently bought and sold shares of the business. Post Resch Tallon Group Inc. increased its holdings in shares of iShares Core Dividend Growth ETF by 0.5% in the third quarter. Post Resch Tallon Group Inc. now owns 30,447 shares of the company’s stock valued at $2,073,000 after purchasing an additional 150 shares during the last quarter. Cvfg LLC grew its holdings in iShares Core Dividend Growth ETF by 2.3% in the 3rd quarter. Cvfg LLC now owns 6,595 shares of the company’s stock valued at $449,000 after buying an additional 150 shares in the last quarter. Dakota Wealth Management increased its stake in shares of iShares Core Dividend Growth ETF by 3.3% in the 4th quarter. Dakota Wealth Management now owns 4,755 shares of the company’s stock worth $330,000 after acquiring an additional 150 shares during the last quarter. Huntleigh Advisors Inc. raised its holdings in shares of iShares Core Dividend Growth ETF by 4.3% during the 4th quarter. Huntleigh Advisors Inc. now owns 3,610 shares of the company’s stock worth $251,000 after acquiring an additional 150 shares during the period. Finally, PFG Investments LLC raised its holdings in shares of iShares Core Dividend Growth ETF by 1.5% during the 3rd quarter. PFG Investments LLC now owns 10,320 shares of the company’s stock worth $703,000 after acquiring an additional 155 shares during the period.

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.