iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Hits New 1-Year High – What’s Next?

iShares Core Dividend Growth ETF (NYSEARCA:DGRO)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $79.56 and last traded at $79.56, with a volume of 1993 shares traded. The stock had previously closed at $79.13.

iShares Core Dividend Growth ETF Stock Performance

The stock has a market capitalization of $43.49 billion, a P/E ratio of 19.66 and a beta of 0.76. The firm has a fifty day moving average price of $76.35 and a two-hundred day moving average price of $73.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Greenline Wealth Management LLC bought a new stake in shares of iShares Core Dividend Growth ETF during the 4th quarter valued at about $25,000. Ankerstar Wealth LLC purchased a new position in shares of iShares Core Dividend Growth ETF in the fourth quarter worth approximately $26,000. MBM Wealth Consultants LLC bought a new stake in iShares Core Dividend Growth ETF during the first quarter valued at approximately $27,000. Group One Trading LLC bought a new stake in iShares Core Dividend Growth ETF during the third quarter valued at approximately $28,000. Finally, Strategic Wealth Investment Group LLC purchased a new stake in iShares Core Dividend Growth ETF during the second quarter valued at approximately $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.