iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Sees Large Volume Increase – Should You Buy?

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) shares saw unusually-strong trading volume on Thursday . Approximately 2,823,771 shares changed hands during trading, an increase of 91% from the previous session’s volume of 1,475,679 shares.The stock last traded at $61.07 and had previously closed at $60.91.

iShares Core Dividend Growth ETF Stock Performance

The stock has a market capitalization of $28.85 billion, a PE ratio of 19.25 and a beta of 0.71. The business’s 50-day moving average is $63.45 and its two-hundred day moving average is $61.11.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. LPL Financial LLC lifted its position in iShares Core Dividend Growth ETF by 3.2% during the third quarter. LPL Financial LLC now owns 13,363,898 shares of the company’s stock worth $837,783,000 after buying an additional 413,083 shares during the period. Envestnet Asset Management Inc. increased its holdings in iShares Core Dividend Growth ETF by 4.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,006,470 shares of the company’s stock valued at $518,863,000 after purchasing an additional 368,759 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of iShares Core Dividend Growth ETF by 1.4% during the third quarter. PNC Financial Services Group Inc. now owns 7,842,422 shares of the company’s stock worth $491,641,000 after purchasing an additional 108,051 shares in the last quarter. Capital Investment Advisors LLC boosted its position in shares of iShares Core Dividend Growth ETF by 1.5% in the third quarter. Capital Investment Advisors LLC now owns 7,315,118 shares of the company’s stock worth $458,585,000 after buying an additional 109,977 shares during the period. Finally, MML Investors Services LLC raised its holdings in shares of iShares Core Dividend Growth ETF by 20.4% during the 3rd quarter. MML Investors Services LLC now owns 3,796,963 shares of the company’s stock valued at $238,032,000 after buying an additional 644,193 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.