iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Sees Unusually-High Trading Volume

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) saw strong trading volume on Wednesday . 3,278,354 shares changed hands during mid-day trading, an increase of 134% from the previous session’s volume of 1,403,014 shares.The stock last traded at $62.38 and had previously closed at $62.15.

iShares Core Dividend Growth ETF Stock Performance

The business has a fifty day simple moving average of $60.24 and a 200 day simple moving average of $58.26. The stock has a market cap of $29.37 billion, a price-to-earnings ratio of 19.25 and a beta of 0.71.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in iShares Core Dividend Growth ETF by 2.5% in the first quarter. Vanguard Group Inc. now owns 31,878 shares of the company’s stock worth $1,851,000 after purchasing an additional 780 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in iShares Core Dividend Growth ETF in the fourth quarter worth about $3,411,000. TrinityPoint Wealth LLC grew its stake in iShares Core Dividend Growth ETF by 5.4% in the fourth quarter. TrinityPoint Wealth LLC now owns 99,680 shares of the company’s stock worth $5,365,000 after purchasing an additional 5,091 shares in the last quarter. Wells Fargo & Company MN grew its stake in iShares Core Dividend Growth ETF by 11.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,252,724 shares of the company’s stock worth $282,702,000 after purchasing an additional 518,671 shares in the last quarter. Finally, Oak Harbor Wealth Partners LLC acquired a new position in iShares Core Dividend Growth ETF in the fourth quarter worth about $80,000.

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.