iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Sees Strong Trading Volume – Here’s Why

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) saw an uptick in trading volume on Wednesday . 3,598,845 shares were traded during mid-day trading, an increase of 152% from the previous session’s volume of 1,426,919 shares.The stock last traded at $62.54 and had previously closed at $62.53.

iShares Core Dividend Growth ETF Stock Performance

The company has a market capitalization of $29.33 billion, a P/E ratio of 19.25 and a beta of 0.71. The stock has a fifty day moving average of $62.31 and a 200 day moving average of $59.51.

Institutional Trading of iShares Core Dividend Growth ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC lifted its holdings 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 buying an additional 1,047,837 shares in the last quarter. Envestnet Asset Management Inc. increased its stake 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 worth $518,863,000 after acquiring an additional 368,759 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of iShares Core Dividend Growth ETF by 1.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 8,821,774 shares of the company’s stock worth $508,222,000 after acquiring an additional 111,539 shares in the last quarter. Capital Investment Advisors LLC grew its holdings 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 valued at $458,585,000 after purchasing an additional 109,977 shares in the last quarter. Finally, Raymond James & Associates raised its stake in iShares Core Dividend Growth ETF by 1.8% during the third quarter. Raymond James & Associates now owns 2,538,953 shares of the company’s stock valued at $159,167,000 after purchasing an additional 45,538 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.