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

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) reached a new 52-week high during trading on Friday . The company traded as high as $78.12 and last traded at $78.11, with a volume of 178241 shares. The stock had previously closed at $77.60.

iShares Core Dividend Growth ETF Stock Up 0.3%

The firm has a fifty day moving average price of $75.30 and a two-hundred day moving average price of $73.02. The stock has a market capitalization of $42.49 billion, a P/E ratio of 19.66 and a beta of 0.77.

Institutional Trading of iShares Core Dividend Growth ETF

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