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

iShares Core Dividend Growth ETF (NYSEARCA:DGRO)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $77.47 and last traded at $77.27, with a volume of 1511263 shares traded. The stock had previously closed at $77.26.

iShares Core Dividend Growth ETF Price Performance

The stock’s 50 day moving average is $74.66 and its two-hundred day moving average is $72.61. The stock has a market capitalization of $42.03 billion, a PE ratio of 19.66 and a beta of 0.77.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DGRO. Greenline Wealth Management LLC purchased a new stake in shares of iShares Core Dividend Growth ETF in the 4th quarter valued at approximately $25,000. Tortoise Investment Management LLC lifted its position in shares of iShares Core Dividend Growth ETF by 89.5% during the 3rd quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock worth $26,000 after purchasing an additional 179 shares during the last quarter. Ankerstar Wealth LLC purchased a new stake in shares of iShares Core Dividend Growth ETF during the 4th quarter worth $26,000. MBM Wealth Consultants LLC purchased a new stake in shares of iShares Core Dividend Growth ETF during the 1st quarter worth $27,000. Finally, Group One Trading LLC acquired a new position in shares of iShares Core Dividend Growth ETF during the third quarter worth $28,000.

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.