iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Hits New 1-Year High – What’s Next?
by Teresa Graham · The Cerbat GemiShares Core Dividend Growth ETF (NYSEARCA:DGRO – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $70.61 and last traded at $70.61, with a volume of 1100854 shares. The stock had previously closed at $70.20.
iShares Core Dividend Growth ETF Trading Up 0.8%
The firm has a market cap of $36.59 billion, a P/E ratio of 19.66 and a beta of 0.84. The business’s 50-day moving average is $69.18 and its two-hundred day moving average is $67.38.
Institutional Trading of iShares Core Dividend Growth ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Norway Savings Bank grew its stake in iShares Core Dividend Growth ETF by 2.7% during the 4th quarter. Norway Savings Bank now owns 48,961 shares of the company’s stock worth $3,399,000 after buying an additional 1,302 shares during the last quarter. True Wealth Design LLC bought a new position in shares of iShares Core Dividend Growth ETF during the fourth quarter worth about $263,000. DDFG Inc increased its holdings in shares of iShares Core Dividend Growth ETF by 3.0% in the 4th quarter. DDFG Inc now owns 70,271 shares of the company’s stock worth $4,878,000 after acquiring an additional 2,023 shares during the period. Wedmont Private Capital lifted its position in iShares Core Dividend Growth ETF by 26.4% in the 4th quarter. Wedmont Private Capital now owns 37,084 shares of the company’s stock valued at $2,596,000 after purchasing an additional 7,739 shares during the last quarter. Finally, Sovereign Financial Group Inc. acquired a new position in shares of iShares Core Dividend Growth ETF during the fourth quarter worth approximately $435,000.
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.