Mon Sep 23 22:20:46 UTC 2024: ## iShares Core Dividend Growth ETF (DGRO) Hits New 52-Week High

**New York, NY (MarketBeat News) – September 23, 2024** – Shares of the iShares Core Dividend Growth ETF (DGRO) reached a new 52-week high on Monday, closing at $62.76 after trading as high as $62.77. This surge in price comes amid increased interest from institutional investors.

**Institutional Investment Fuels Growth**

Several institutional investors have recently boosted their holdings in DGRO, signaling confidence in the ETF’s performance. Notably, DDFG Inc., 9258 Wealth Management LLC, TrinityPoint Wealth LLC, Trexquant Investment LP, and Westfield Capital Management Co. LP all acquired new shares or increased their existing positions in the fourth quarter.

**DGRO’s Strengths**

DGRO tracks the Morningstar US Dividend Growth index, focusing on US stocks with strong dividend growth and payout ratios. The ETF, launched in June 2014 and managed by BlackRock, offers investors a diversified approach to dividend investing.

**Key Metrics**

DGRO boasts a market capitalization of $29.71 billion, a P/E ratio of 19.25, and a beta of 0.71. The 50-day moving average stands at $60.46, while the 200-day moving average sits at $58.39.

**Outlook**

With strong institutional interest and a focus on dividend growth, DGRO continues to attract investors seeking reliable income and long-term capital appreciation. The recent 52-week high suggests positive sentiment towards the ETF, which could potentially drive further growth in the coming months.

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