iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Sets New 12-Month High – Should You Buy?

iShares Core Dividend Growth ETF (NYSEARCA:DGRO)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $80.34 and last traded at $80.33, with a volume of 139972 shares traded. The stock had previously closed at $79.68.

iShares Core Dividend Growth ETF Trading Down 1.0%

The stock has a market capitalization of $43.43 billion, a price-to-earnings ratio of 19.66 and a beta of 0.76. The stock’s 50 day moving average is $77.43 and its two-hundred day moving average is $74.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Greenline Wealth Management LLC bought a new position in shares of iShares Core Dividend Growth ETF in the 4th quarter valued at about $25,000. Ankerstar Wealth LLC acquired a new position in shares of iShares Core Dividend Growth ETF in the 4th quarter valued at approximately $26,000. MBM Wealth Consultants LLC bought a new stake in shares of iShares Core Dividend Growth ETF during the 1st quarter worth $27,000. Group One Trading LLC acquired a new position in iShares Core Dividend Growth ETF during the 3rd quarter worth approximately $28,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in shares of iShares Core Dividend Growth ETF during the 2nd quarter valued at $29,000.

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.