iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Hits New 52-Week High – Here’s What Happened

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) shares reached a new 52-week high on Wednesday . The stock traded as high as $71.68 and last traded at $71.53, with a volume of 605958 shares trading hands. The stock had previously closed at $71.57.

iShares Core Dividend Growth ETF Trading Down 0.3%

The stock has a market cap of $37.15 billion, a price-to-earnings ratio of 19.66 and a beta of 0.84. The firm has a fifty day simple moving average of $70.01 and a 200-day simple moving average of $68.06.

Institutional Trading of iShares Core Dividend Growth ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tortoise Investment Management LLC grew its position in shares of iShares Core Dividend Growth ETF by 89.5% during the 3rd quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock worth $26,000 after buying an additional 179 shares during the period. Group One Trading LLC acquired a new position in iShares Core Dividend Growth ETF in the third quarter valued at approximately $28,000. Costello Asset Management INC boosted its stake in iShares Core Dividend Growth ETF by 79.5% in the third quarter. Costello Asset Management INC now owns 420 shares of the company’s stock valued at $29,000 after acquiring an additional 186 shares during the last quarter. Private Wealth Asset Management LLC acquired a new stake in iShares Core Dividend Growth ETF during the 2nd quarter worth $28,000. Finally, Strategic Wealth Investment Group LLC bought a new stake in shares of iShares Core Dividend Growth ETF during the 2nd quarter valued at $29,000.

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.