iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Hits New 1-Year High – Time to Buy?

Shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) reached a new 52-week high on Friday . The stock traded as high as $75.84 and last traded at $75.69, with a volume of 550662 shares traded. The stock had previously closed at $75.76.

iShares Core Dividend Growth ETF Stock Down 0.2%

The firm has a market capitalization of $40.68 billion, a P/E ratio of 19.66 and a beta of 0.77. The firm’s 50-day simple moving average is $72.79 and its 200-day simple moving average is $71.61.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DGRO. Auto Owners Insurance Co lifted its stake in iShares Core Dividend Growth ETF by 9,203.2% during the fourth quarter. Auto Owners Insurance Co now owns 47,865,090 shares of the company’s stock worth $332,280,000 after purchasing an additional 47,350,590 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in shares of iShares Core Dividend Growth ETF by 25.1% during the 1st quarter. Wealthfront Advisers LLC now owns 17,425,702 shares of the company’s stock valued at $1,222,936,000 after buying an additional 3,494,469 shares in the last quarter. Royal Bank of Canada lifted its position in iShares Core Dividend Growth ETF by 24.0% in the 4th quarter. Royal Bank of Canada now owns 8,137,125 shares of the company’s stock worth $564,879,000 after buying an additional 1,576,241 shares during the last quarter. Quotient Wealth Partners LLC purchased a new stake in iShares Core Dividend Growth ETF in the first quarter worth approximately $85,806,000. Finally, SHP Wealth Management purchased a new stake in iShares Core Dividend Growth ETF in the fourth quarter worth approximately $84,235,000.

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.