iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Hits New 52-Week High – Time to Buy?

iShares Core Dividend Growth ETF (NYSEARCA:DGRO)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $75.84 and last traded at $75.69, with a volume of 550662 shares changing hands. The stock had previously closed at $75.76.

iShares Core Dividend Growth ETF Price Performance

The company’s 50 day simple moving average is $72.89 and its 200 day simple moving average is $71.64. The stock has a market cap of $40.45 billion, a P/E ratio of 19.66 and a beta of 0.77.

Institutional Investors Weigh In On iShares Core Dividend Growth ETF

Several large investors have recently made changes to their positions in the stock. Brighton Jones LLC grew its position in iShares Core Dividend Growth ETF by 52.5% in the fourth quarter. Brighton Jones LLC now owns 6,696 shares of the company’s stock valued at $411,000 after purchasing an additional 2,304 shares in the last quarter. AQR Capital Management LLC grew its position in iShares Core Dividend Growth ETF by 95.4% in the first quarter. AQR Capital Management LLC now owns 13,842 shares of the company’s stock valued at $855,000 after purchasing an additional 6,758 shares in the last quarter. Russell Investments Group Ltd. grew its position in iShares Core Dividend Growth ETF by 114.6% in the second quarter. Russell Investments Group Ltd. now owns 1,204 shares of the company’s stock valued at $77,000 after purchasing an additional 643 shares in the last quarter. Glenview Trust co grew its position in iShares Core Dividend Growth ETF by 7.2% in the second quarter. Glenview Trust co now owns 9,516 shares of the company’s stock valued at $608,000 after purchasing an additional 637 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its position in iShares Core Dividend Growth ETF by 2.6% in the second quarter. Main Street Financial Solutions LLC now owns 12,191 shares of the company’s stock valued at $779,000 after purchasing an additional 305 shares in 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.