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

iShares Core Dividend Growth ETF (NYSEARCA:DGRO)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $74.14 and last traded at $74.10, with a volume of 222402 shares traded. The stock had previously closed at $73.88.

iShares Core Dividend Growth ETF Trading Up 0.1%

The stock’s 50-day moving average price is $70.70 and its 200-day moving average price is $68.55. The company has a market cap of $38.62 billion, a P/E ratio of 19.66 and a beta of 0.84.

Institutional Investors Weigh In On iShares Core Dividend Growth ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Post Resch Tallon Group Inc. raised its holdings in shares of iShares Core Dividend Growth ETF by 0.5% during the third quarter. Post Resch Tallon Group Inc. now owns 30,447 shares of the company’s stock valued at $2,073,000 after purchasing an additional 150 shares during the period. Cvfg LLC increased its position in iShares Core Dividend Growth ETF by 2.3% in the 3rd quarter. Cvfg LLC now owns 6,595 shares of the company’s stock valued at $449,000 after buying an additional 150 shares in the last quarter. Dakota Wealth Management raised its stake in iShares Core Dividend Growth ETF by 3.3% during the 4th quarter. Dakota Wealth Management now owns 4,755 shares of the company’s stock worth $330,000 after buying an additional 150 shares during the period. Huntleigh Advisors Inc. raised its stake in iShares Core Dividend Growth ETF by 4.3% during the 4th quarter. Huntleigh Advisors Inc. now owns 3,610 shares of the company’s stock worth $251,000 after buying an additional 150 shares during the period. Finally, Centerpoint Advisory Group boosted its holdings in iShares Core Dividend Growth ETF by 0.4% in the fourth quarter. Centerpoint Advisory Group now owns 35,329 shares of the company’s stock worth $2,453,000 after acquiring an additional 153 shares in the last quarter.

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.