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

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $69.27 and last traded at $69.19, with a volume of 227781 shares traded. The stock had previously closed at $68.78.

iShares Core Dividend Growth ETF Stock Performance

The company’s 50 day moving average price is $67.87 and its 200-day moving average price is $65.20. The company has a market cap of $35.16 billion, a price-to-earnings ratio of 19.66 and a beta of 0.84.

Institutional Investors Weigh In On iShares Core Dividend Growth ETF

A number of institutional investors and hedge funds have recently modified their holdings of DGRO. Proathlete Wealth Management LLC acquired a new stake in shares of iShares Core Dividend Growth ETF during the second quarter worth $25,000. Group One Trading LLC acquired a new stake in iShares Core Dividend Growth ETF during the 3rd quarter worth about $28,000. Costello Asset Management INC increased its holdings in shares of iShares Core Dividend Growth ETF by 79.5% in the 3rd quarter. Costello Asset Management INC now owns 420 shares of the company’s stock valued at $29,000 after purchasing an additional 186 shares during the period. Rise Advisors LLC acquired a new stake in shares of iShares Core Dividend Growth ETF during the first quarter worth approximately $27,000. Finally, Private Wealth Asset Management LLC acquired a new position in iShares Core Dividend Growth ETF in the 2nd quarter valued at approximately $28,000.

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.