iShares International Dividend Growth ETF (BATS:IGRO) Sets New 12-Month High – What’s Next?

Shares of iShares International Dividend Growth ETF (BATS:IGRO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $68.09 and last traded at $68.80, with a volume of 41116 shares. The stock had previously closed at $67.12.

iShares International Dividend Growth ETF Stock Up 3.1 %

The firm has a market cap of $678.21 million, a price-to-earnings ratio of 15.77 and a beta of 0.71. The firm has a fifty day moving average price of $69.28 and a 200-day moving average price of $70.81.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IGRO. Icon Wealth Advisors LLC boosted its holdings in iShares International Dividend Growth ETF by 1,298.8% in the third quarter. Icon Wealth Advisors LLC now owns 112,672 shares of the company’s stock valued at $8,404,000 after acquiring an additional 104,617 shares during the last quarter. JPMorgan Chase & Co. raised its position in iShares International Dividend Growth ETF by 50.9% in the third quarter. JPMorgan Chase & Co. now owns 259,532 shares of the company’s stock valued at $19,359,000 after purchasing an additional 87,583 shares during the period. Captrust Financial Advisors raised its position in iShares International Dividend Growth ETF by 1,162.4% in the third quarter. Captrust Financial Advisors now owns 60,545 shares of the company’s stock valued at $4,516,000 after purchasing an additional 55,749 shares during the period. Anchor Investment Management LLC purchased a new position in iShares International Dividend Growth ETF in the third quarter valued at about $2,257,000. Finally, Lowe Wealth Advisors LLC raised its position in iShares International Dividend Growth ETF by 198.4% in the fourth quarter. Lowe Wealth Advisors LLC now owns 28,794 shares of the company’s stock valued at $1,957,000 after purchasing an additional 19,144 shares during the period.

About iShares International Dividend Growth ETF

The iShares International Dividend Growth ETF (IGRO) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of international equities that have growing dividends. IGRO was launched on May 17, 2016 and is managed by BlackRock.