iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Sees Large Volume Increase

Shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) saw an uptick in trading volume on Wednesday . 3,278,354 shares traded hands during 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 stock’s 50-day moving average price is $60.39 and its two-hundred day moving average price is $58.32. The stock has a market capitalization of $29.60 billion, a PE ratio of 19.25 and a beta of 0.71.

Institutional Trading of iShares Core Dividend Growth ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LPL Financial LLC grew its stake in shares of iShares Core Dividend Growth ETF by 8.8% in the second quarter. LPL Financial LLC now owns 12,950,815 shares of the company’s stock worth $746,096,000 after acquiring an additional 1,047,837 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in iShares Core Dividend Growth ETF by 4.3% during 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. Raymond James Financial Services Advisors Inc. raised its holdings in iShares Core Dividend Growth ETF by 1.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 8,821,774 shares of the company’s stock worth $508,222,000 after buying an additional 111,539 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in shares of iShares Core Dividend Growth ETF by 2.1% in the second quarter. Capital Investment Advisors LLC now owns 7,205,141 shares of the company’s stock worth $415,088,000 after buying an additional 150,379 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of iShares Core Dividend Growth ETF by 2.1% during the first quarter. Commonwealth Equity Services LLC now owns 7,134,724 shares of the company’s stock valued at $414,242,000 after buying an additional 147,981 shares during the last quarter.

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.