iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Hits New 12-Month High – Still a Buy?

Shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $80.34 and last traded at $80.33, with a volume of 139972 shares trading hands. The stock had previously closed at $79.68.

iShares Core Dividend Growth ETF Trading Up 1.0%

The stock’s 50 day moving average price is $77.25 and its 200 day moving average price is $74.29. The company has a market capitalization of $44.08 billion, a price-to-earnings ratio of 19.66 and a beta of 0.76.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Greenline Wealth Management LLC bought a new stake in shares of iShares Core Dividend Growth ETF during the 4th quarter worth approximately $25,000. MBM Wealth Consultants LLC bought a new position in shares of iShares Core Dividend Growth ETF in the first quarter valued at $27,000. Ankerstar Wealth LLC acquired a new position in iShares Core Dividend Growth ETF during the fourth quarter worth $26,000. Group One Trading LLC acquired a new position in iShares Core Dividend Growth ETF during the third quarter worth $28,000. Finally, IFC & Insurance Marketing Inc. acquired a new position in iShares Core Dividend Growth ETF during the fourth quarter worth $31,000.

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.