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

Shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) hit a new 52-week high during trading on Thursday. The company traded as high as $81.11 and last traded at $80.9530, with a volume of 210,405 shares trading hands. The stock had previously closed at $80.10.

iShares Core Dividend Growth ETF Price Performance

The business’s 50-day moving average price is $78.16 and its two-hundred day moving average price is $75.15. The company has a market capitalization of $45.24 billion, a P/E ratio of 19.66 and a beta of 0.76.

Institutional Investors Weigh In On iShares Core Dividend Growth ETF

Several large investors have recently modified their holdings of DGRO. Envestnet Asset Management Inc. increased its holdings in shares of iShares Core Dividend Growth ETF by 4.4% in the second quarter. Envestnet Asset Management Inc. now owns 11,099,887 shares of the company’s stock valued at $841,260,000 after purchasing an additional 472,809 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of iShares Core Dividend Growth ETF by 84.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 197,951 shares of the company’s stock worth $15,003,000 after buying an additional 90,503 shares during the last quarter. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of iShares Core Dividend Growth ETF during the 3rd quarter worth about $1,249,000. Accel Wealth Management lifted its stake in shares of iShares Core Dividend Growth ETF by 6.6% during the 2nd quarter. Accel Wealth Management now owns 258,988 shares of the company’s stock worth $19,629,000 after buying an additional 15,988 shares during the last quarter. Finally, Eastern Bank acquired a new stake in shares of iShares Core Dividend Growth ETF during the 3rd quarter worth about $972,000.

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.