iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Reaches New 12-Month High – What’s Next?

Shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) reached a new 52-week high on Tuesday . The company traded as high as $70.61 and last traded at $70.61, with a volume of 1100854 shares. The stock had previously closed at $70.20.

iShares Core Dividend Growth ETF Stock Performance

The firm has a fifty day simple moving average of $69.07 and a 200-day simple moving average of $67.28. The firm has a market cap of $36.60 billion, a price-to-earnings ratio of 19.66 and a beta of 0.84.

Institutional Trading of iShares Core Dividend Growth ETF

A number of hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in iShares Core Dividend Growth ETF by 1.1% in the 3rd 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 during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of iShares Core Dividend Growth ETF by 42.4% during the second 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 during the period. Raymond James Financial Inc. grew its position in shares of iShares Core Dividend Growth ETF by 4.6% in the third quarter. Raymond James Financial Inc. now owns 10,467,035 shares of the company’s stock valued at $712,596,000 after purchasing an additional 457,568 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of iShares Core Dividend Growth ETF by 16.4% in the third quarter. Jones Financial Companies Lllp now owns 8,606,166 shares of the company’s stock valued at $583,076,000 after purchasing an additional 1,211,980 shares during the last quarter. Finally, Capital Investment Advisors LLC increased its stake 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.

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.