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

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) shares hit a new 52-week high during trading on Friday . The stock traded as high as $76.05 and last traded at $75.95, with a volume of 783708 shares trading hands. The stock had previously closed at $75.39.

iShares Core Dividend Growth ETF Stock Performance

The company has a market capitalization of $40.82 billion, a price-to-earnings ratio of 19.66 and a beta of 0.77. The company has a 50 day moving average price of $73.35 and a 200 day moving average price of $71.87.

Hedge Funds Weigh In On iShares Core Dividend Growth ETF

Hedge funds have recently modified their holdings of the company. Greenline Wealth Management LLC bought a new stake in shares of iShares Core Dividend Growth ETF in the 4th quarter worth approximately $25,000. Tortoise Investment Management LLC raised its holdings in shares of iShares Core Dividend Growth ETF by 89.5% in the 3rd 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 period. MBM Wealth Consultants LLC bought a new stake in shares of iShares Core Dividend Growth ETF in the 1st quarter worth approximately $27,000. Ankerstar Wealth LLC bought a new stake in shares of iShares Core Dividend Growth ETF in the 4th quarter worth approximately $26,000. Finally, Group One Trading LLC bought a new stake in iShares Core Dividend Growth ETF during the 3rd quarter valued at $28,000.

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.