iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Hits New 52-Week High – Here’s What Happened

Shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $76.05 and last traded at $75.95, with a volume of 783708 shares changing hands. The stock had previously closed at $75.39.

iShares Core Dividend Growth ETF Trading Up 0.6%

The business’s fifty day simple moving average is $73.35 and its 200-day simple moving average is $71.87. The firm has a market cap of $40.82 billion, a P/E ratio of 19.66 and a beta of 0.77.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Auto Owners Insurance Co grew its position in shares of iShares Core Dividend Growth ETF by 9,203.2% during the 4th quarter. Auto Owners Insurance Co now owns 47,865,090 shares of the company’s stock valued at $332,280,000 after purchasing an additional 47,350,590 shares in the last quarter. Morgan Stanley grew its position in shares of iShares Core Dividend Growth ETF by 1.7% during the 4th quarter. Morgan Stanley now owns 19,366,070 shares of the company’s stock valued at $1,344,393,000 after purchasing an additional 331,748 shares in the last quarter. LPL Financial LLC grew its position in shares of iShares Core Dividend Growth ETF by 3.3% during the 4th quarter. LPL Financial LLC now owns 18,763,346 shares of the company’s stock valued at $1,302,551,000 after purchasing an additional 595,710 shares in the last quarter. Bank of America Corp DE grew its position in shares of iShares Core Dividend Growth ETF by 1.1% during the 3rd quarter. Bank of America Corp DE now owns 18,662,292 shares of the company’s stock valued at $1,270,529,000 after purchasing an additional 195,211 shares in the last quarter. Finally, Wealthfront Advisers LLC grew its position in shares of iShares Core Dividend Growth ETF by 25.1% during 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 in 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.