iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Hits New 1-Year High – Here’s Why

iShares Core Dividend Growth ETF (NYSEARCA:DGRO)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $64.04 and last traded at $64.04, with a volume of 1283 shares trading hands. The stock had previously closed at $63.89.

iShares Core Dividend Growth ETF Stock Performance

The company has a 50 day moving average of $62.03 and a 200 day moving average of $59.26. The stock has a market capitalization of $29.97 billion, a price-to-earnings ratio of 19.25 and a beta of 0.71.

Institutional Trading of iShares Core Dividend Growth ETF

Large investors have recently made changes to their positions in the company. Cetera Investment Advisers lifted its stake in iShares Core Dividend Growth ETF by 319.5% in the first quarter. Cetera Investment Advisers now owns 1,922,423 shares of the company’s stock worth $111,616,000 after acquiring an additional 1,464,167 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of iShares Core Dividend Growth ETF by 1,953.2% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,285,983 shares of the company’s stock valued at $741,000 after purchasing an additional 1,223,349 shares in the last quarter. LPL Financial LLC lifted its position in shares of iShares Core Dividend Growth ETF by 8.8% during the 2nd quarter. LPL Financial LLC now owns 12,950,815 shares of the company’s stock worth $746,096,000 after purchasing an additional 1,047,837 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of iShares Core Dividend Growth ETF during the second quarter worth $45,148,000. Finally, Smith Anglin Financial LLC grew its stake in shares of iShares Core Dividend Growth ETF by 78.4% during the third quarter. Smith Anglin Financial LLC now owns 1,346,692 shares of the company’s stock worth $84,424,000 after purchasing an additional 591,701 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.