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

iShares Core Dividend Growth ETF (NYSEARCA:DGRO)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $78.12 and last traded at $78.11, with a volume of 178241 shares trading hands. The stock had previously closed at $77.60.

iShares Core Dividend Growth ETF Price Performance

The firm has a fifty day moving average price of $75.30 and a two-hundred day moving average price of $73.02. The stock has a market capitalization of $42.49 billion, a PE ratio of 19.66 and a beta of 0.77.

Hedge Funds Weigh In On iShares Core Dividend Growth ETF

Several hedge funds have recently bought and sold shares of DGRO. D.A. Davidson & CO. grew its position in shares of iShares Core Dividend Growth ETF by 9.7% in the 4th quarter. D.A. Davidson & CO. now owns 137,795 shares of the company’s stock worth $9,566,000 after buying an additional 12,183 shares during the last quarter. CVA Family Office LLC raised its stake in shares of iShares Core Dividend Growth ETF by 91.3% in the fourth quarter. CVA Family Office LLC now owns 116,205 shares of the company’s stock worth $8,067,000 after purchasing an additional 55,475 shares during the last quarter. Directional Asset Management purchased a new position in iShares Core Dividend Growth ETF during the 4th quarter worth approximately $3,630,000. Avior Wealth Management LLC raised its holdings in shares of iShares Core Dividend Growth ETF by 7.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,907,665 shares of the company’s stock worth $132,430,000 after purchasing an additional 135,877 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of iShares Core Dividend Growth ETF by 21.6% in the 4th quarter. CWM LLC now owns 117,514 shares of the company’s stock valued at $8,158,000 after buying an additional 20,852 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.