iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Hits New 12-Month High – Still a Buy?

iShares Core Dividend Growth ETF (NYSEARCA:DGRO)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $80.34 and last traded at $80.33, with a volume of 139972 shares. The stock had previously closed at $79.68.

iShares Core Dividend Growth ETF Trading Up 1.0%

The firm has a market capitalization of $44.08 billion, a price-to-earnings ratio of 19.66 and a beta of 0.76. The company’s 50 day moving average is $77.25 and its 200-day moving average is $74.29.

Institutional Investors Weigh In On iShares Core Dividend Growth ETF

Several hedge funds have recently added to or reduced their stakes in the business. First Bancorp Inc ME acquired a new stake in shares of iShares Core Dividend Growth ETF during the 2nd quarter worth about $2,249,000. Capital Square LLC acquired a new stake in iShares Core Dividend Growth ETF during the 2nd quarter worth approximately $356,000. Compass Financial Management LLC bought a new stake in iShares Core Dividend Growth ETF in the 2nd quarter valued at $107,000. Trust Co. of Vermont acquired a new position in iShares Core Dividend Growth ETF in the 2nd quarter valued at $693,000. Finally, Regent Peak Wealth Advisors LLC grew its holdings in iShares Core Dividend Growth ETF by 1.7% in the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 334,542 shares of the company’s stock valued at $25,355,000 after buying an additional 5,589 shares in the last quarter.

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.