iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Sets New 1-Year High – Should You Buy?
by Amy Steele · The Cerbat GemiShares Core Dividend Growth ETF (NYSEARCA:DGRO – Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $74.71 and last traded at $74.66, with a volume of 108719 shares. The stock had previously closed at $74.15.
iShares Core Dividend Growth ETF Stock Performance
The firm has a market capitalization of $40.21 billion, a PE ratio of 19.66 and a beta of 0.77. The company has a fifty day moving average price of $71.83 and a 200-day moving average price of $71.13.
Institutional Trading of iShares Core Dividend Growth ETF
Hedge funds have recently modified their holdings of the company. Greenline Wealth Management LLC purchased a new stake in shares of iShares Core Dividend Growth ETF during the 4th quarter worth approximately $25,000. Tortoise Investment Management LLC raised its holdings 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 acquiring an additional 179 shares in the last quarter. MBM Wealth Consultants LLC purchased a new stake in shares of iShares Core Dividend Growth ETF during the 1st quarter worth approximately $27,000. Ankerstar Wealth LLC purchased a new stake in shares of iShares Core Dividend Growth ETF during the 4th quarter worth approximately $26,000. Finally, Group One Trading LLC purchased a new stake in iShares Core Dividend Growth ETF during the 3rd quarter valued at $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.