iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Reaches New 52-Week High – Still a Buy?

Shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) hit a new 52-week high on Tuesday . The company traded as high as $79.87 and last traded at $79.81, with a volume of 90556 shares. The stock had previously closed at $79.62.

iShares Core Dividend Growth ETF Price Performance

The company has a 50-day simple moving average of $76.90 and a 200-day simple moving average of $74.06. The stock has a market cap of $43.75 billion, a PE ratio of 19.66 and a beta of 0.76.

Hedge Funds Weigh In On iShares Core Dividend Growth ETF

A number of large investors have recently made changes to their positions in the stock. Greenline Wealth Management LLC purchased a new stake in iShares Core Dividend Growth ETF during the fourth quarter worth about $25,000. Ankerstar Wealth LLC purchased a new position in iShares Core Dividend Growth ETF in the fourth quarter valued at about $26,000. MBM Wealth Consultants LLC purchased a new position in iShares Core Dividend Growth ETF in the first quarter valued at about $27,000. Group One Trading LLC acquired a new stake in shares of iShares Core Dividend Growth ETF during the 3rd quarter valued at 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 approximately $29,000.

iShares Core Dividend Growth ETF Company Profile

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.