iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Reaches New 12-Month High – Should You Buy?

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $64.63 and last traded at $64.63, with a volume of 1117 shares changing hands. The stock had previously closed at $64.26.

iShares Core Dividend Growth ETF Price Performance

The stock has a market cap of $30.57 billion, a P/E ratio of 19.25 and a beta of 0.71. The company has a fifty day moving average price of $62.93 and a 200 day moving average price of $60.36.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of iShares Core Dividend Growth ETF by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 31,878 shares of the company’s stock valued at $1,851,000 after buying an additional 780 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in iShares Core Dividend Growth ETF by 362.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,704 shares of the company’s stock worth $389,000 after purchasing an additional 5,254 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in iShares Core Dividend Growth ETF by 144.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,827 shares of the company’s stock worth $1,268,000 after purchasing an additional 12,905 shares in the last quarter. Sweeney & Michel LLC purchased a new stake in iShares Core Dividend Growth ETF during the 1st quarter worth about $20,180,000. Finally, XML Financial LLC lifted its holdings in iShares Core Dividend Growth ETF by 2.3% during the 1st quarter. XML Financial LLC now owns 436,147 shares of the company’s stock worth $25,323,000 after purchasing an additional 9,949 shares in the last quarter.

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.