iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Hits New 52-Week Low – What’s Next?

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) reached a new 52-week low during trading on Monday . The company traded as low as $54.09 and last traded at $54.27, with a volume of 525808 shares changing hands. The stock had previously closed at $56.43.

iShares Core Dividend Growth ETF Stock Down 0.9 %

The business’s fifty day moving average is $62.69 and its two-hundred day moving average is $62.77. The stock has a market capitalization of $27.53 billion, a PE ratio of 20.41 and a beta of 0.86.

Hedge Funds Weigh In On iShares Core Dividend Growth ETF

A number of institutional investors and hedge funds have recently made changes to their positions in DGRO. Dunhill Financial LLC lifted its holdings in shares of iShares Core Dividend Growth ETF by 300.0% in the 4th quarter. Dunhill Financial LLC now owns 400 shares of the company’s stock valued at $25,000 after acquiring an additional 300 shares during the last quarter. Ulland Investment Advisors LLC bought a new stake in shares of iShares Core Dividend Growth ETF in the 4th quarter valued at approximately $27,000. Accredited Wealth Management LLC purchased a new position in shares of iShares Core Dividend Growth ETF in the 4th quarter worth approximately $28,000. Mpwm Advisory Solutions LLC bought a new position in shares of iShares Core Dividend Growth ETF during the 4th quarter valued at approximately $33,000. Finally, Rialto Wealth Management LLC purchased a new stake in iShares Core Dividend Growth ETF during the 4th quarter valued at $33,000.

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.