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

iShares Core Dividend Growth ETF (NYSEARCA:DGRO)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $70.61 and last traded at $70.41, with a volume of 2137705 shares. The stock had previously closed at $70.24.

iShares Core Dividend Growth ETF Stock Up 0.2%

The stock has a market capitalization of $35.73 billion, a P/E ratio of 19.66 and a beta of 0.84. The firm’s 50-day simple moving average is $68.60 and its 200 day simple moving average is $66.53.

Institutional Trading of iShares Core Dividend Growth ETF

A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of iShares Core Dividend Growth ETF by 1.1% in the third quarter. Bank of America Corp DE now owns 18,662,292 shares of the company’s stock valued at $1,270,529,000 after buying an additional 195,211 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares Core Dividend Growth ETF by 42.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,535,976 shares of the company’s stock worth $865,424,000 after acquiring an additional 4,028,341 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of iShares Core Dividend Growth ETF by 4.6% in the 3rd quarter. Raymond James Financial Inc. now owns 10,467,035 shares of the company’s stock worth $712,596,000 after acquiring an additional 457,568 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of iShares Core Dividend Growth ETF by 16.4% during the third quarter. Jones Financial Companies Lllp now owns 8,606,166 shares of the company’s stock worth $583,076,000 after purchasing an additional 1,211,980 shares during the period. Finally, Capital Investment Advisors LLC raised its position in shares of iShares Core Dividend Growth ETF by 2.0% during the third quarter. Capital Investment Advisors LLC now owns 8,124,381 shares of the company’s stock worth $553,108,000 after purchasing an additional 163,167 shares during the period.

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.