iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Sets 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 Friday . The stock traded as high as $75.84 and last traded at $75.69, with a volume of 550662 shares traded. The stock had previously closed at $75.76.

iShares Core Dividend Growth ETF Stock Down 0.2%

The company has a market capitalization of $40.68 billion, a PE ratio of 19.66 and a beta of 0.77. The company has a 50-day moving average price of $72.79 and a two-hundred day moving average price of $71.61.

Hedge Funds Weigh In On iShares Core Dividend Growth ETF

A number of large investors have recently modified their holdings of the company. Auto Owners Insurance Co lifted its stake in iShares Core Dividend Growth ETF by 9,203.2% in the 4th quarter. Auto Owners Insurance Co now owns 47,865,090 shares of the company’s stock worth $332,280,000 after purchasing an additional 47,350,590 shares in the last quarter. Wealthfront Advisers LLC raised its position in shares of iShares Core Dividend Growth ETF by 25.1% in the first quarter. Wealthfront Advisers LLC now owns 17,425,702 shares of the company’s stock worth $1,222,936,000 after buying an additional 3,494,469 shares in the last quarter. Royal Bank of Canada boosted its stake in iShares Core Dividend Growth ETF by 24.0% during the fourth quarter. Royal Bank of Canada now owns 8,137,125 shares of the company’s stock valued at $564,879,000 after buying an additional 1,576,241 shares during the period. Quotient Wealth Partners LLC bought a new stake in iShares Core Dividend Growth ETF during the first quarter valued at $85,806,000. Finally, SHP Wealth Management bought a new position in iShares Core Dividend Growth ETF in the 4th quarter worth about $84,235,000.

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.