iShares International Dividend Growth ETF (BATS:IGRO) Sets New 52-Week High – Still a Buy?

Shares of iShares International Dividend Growth ETF (BATS:IGRO) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $92.74 and last traded at $92.53, with a volume of 5222 shares. The stock had previously closed at $92.13.

iShares International Dividend Growth ETF Price Performance

The stock has a 50-day simple moving average of $88.96 and a 200 day simple moving average of $87.40. The company has a market capitalization of $1.41 billion, a PE ratio of 16.33 and a beta of 0.74.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors grew its stake in iShares International Dividend Growth ETF by 6.7% in the 2nd quarter. Captrust Financial Advisors now owns 75,155 shares of the company’s stock valued at $5,929,000 after acquiring an additional 4,748 shares during the last quarter. Imprint Wealth LLC acquired a new position in iShares International Dividend Growth ETF during the third quarter worth about $235,000. Triumph Capital Management acquired a new position in iShares International Dividend Growth ETF during the third quarter worth about $108,000. Prime Capital Investment Advisors LLC lifted its holdings in shares of iShares International Dividend Growth ETF by 6.9% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 44,287 shares of the company’s stock valued at $3,666,000 after purchasing an additional 2,864 shares in the last quarter. Finally, Fifth Third Securities Inc. lifted its holdings in shares of iShares International Dividend Growth ETF by 4.1% in the fourth quarter. Fifth Third Securities Inc. now owns 149,024 shares of the company’s stock valued at $12,335,000 after purchasing an additional 5,909 shares in the last quarter.

iShares International Dividend Growth ETF Company Profile

The iShares International Dividend Growth ETF (IGRO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of international equities that have growing dividends. IGRO was launched on May 17, 2016 and is managed by BlackRock.