iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Sets New 52-Week High – Should You Buy?

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) reached a new 52-week high during trading on Friday . The company traded as high as $78.12 and last traded at $78.11, with a volume of 178241 shares traded. The stock had previously closed at $77.60.

iShares Core Dividend Growth ETF Stock Down 0.6%

The firm has a market capitalization of $42.13 billion, a price-to-earnings ratio of 19.66 and a beta of 0.77. The firm’s 50 day moving average is $75.38 and its 200 day moving average is $73.05.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DGRO. Regent Peak Wealth Advisors LLC boosted its stake in shares of iShares Core Dividend Growth ETF by 1.7% during the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 334,542 shares of the company’s stock worth $25,355,000 after acquiring an additional 5,589 shares in the last quarter. Abound Wealth Management grew its holdings in shares of iShares Core Dividend Growth ETF by 584.0% in the 2nd quarter. Abound Wealth Management now owns 1,929 shares of the company’s stock worth $146,000 after acquiring an additional 1,647 shares during the last quarter. Accel Wealth Management grew its holdings in shares of iShares Core Dividend Growth ETF by 6.6% in the 2nd quarter. Accel Wealth Management now owns 258,988 shares of the company’s stock worth $19,629,000 after acquiring an additional 15,988 shares during the last quarter. Adirondack Capital Advisors LLC raised its position in shares of iShares Core Dividend Growth ETF by 2.4% during the second quarter. Adirondack Capital Advisors LLC now owns 389,302 shares of the company’s stock worth $29,505,000 after purchasing an additional 9,227 shares during the period. Finally, Dagco Inc. raised its position in shares of iShares Core Dividend Growth ETF by 4.2% during the second quarter. Dagco Inc. now owns 541,427 shares of the company’s stock worth $41,035,000 after purchasing an additional 21,746 shares during the period.

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.