iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Hits New 52-Week High – Here’s Why

iShares Core Dividend Growth ETF (NYSEARCA:DGRO)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $72.41 and last traded at $72.33, with a volume of 2251786 shares traded. The stock had previously closed at $71.83.

iShares Core Dividend Growth ETF Price Performance

The stock’s fifty day simple moving average is $70.33 and its 200-day simple moving average is $68.26. The firm has a market cap of $37.74 billion, a PE ratio of 19.66 and a beta of 0.84.

Institutional Trading of iShares Core Dividend Growth ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DGRO. Tortoise Investment Management LLC raised its stake in shares of iShares Core Dividend Growth ETF by 89.5% in the third quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock worth $26,000 after purchasing an additional 179 shares during the last quarter. Group One Trading LLC purchased a new position in iShares Core Dividend Growth ETF during the 3rd quarter worth approximately $28,000. Costello Asset Management INC lifted its stake in iShares Core Dividend Growth ETF by 79.5% during the 3rd quarter. Costello Asset Management INC now owns 420 shares of the company’s stock valued at $29,000 after acquiring an additional 186 shares during the period. Private Wealth Asset Management LLC acquired a new stake in iShares Core Dividend Growth ETF during the 2nd quarter valued at approximately $28,000. Finally, Strategic Wealth Investment Group LLC purchased a new stake in shares of iShares Core Dividend Growth ETF in 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.