iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Sets New 1-Year High – Still a Buy?

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $79.56 and last traded at $79.56, with a volume of 1993 shares traded. The stock had previously closed at $79.13.

iShares Core Dividend Growth ETF Stock Down 0.1%

The stock has a market cap of $43.37 billion, a price-to-earnings ratio of 19.66 and a beta of 0.76. The stock’s fifty day moving average is $76.53 and its 200-day moving average is $73.82.

Institutional Trading of iShares Core Dividend Growth ETF

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

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.