Envestnet Asset Management Inc. reduced its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO – Free Report) by 7.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,660,671 shares of the company’s stock after selling 802,770 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares Core Dividend Growth ETF were worth $653,926,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of DGRO. Ulland Investment Advisors LLC purchased a new stake in shares of iShares Core Dividend Growth ETF during the fourth quarter worth approximately $27,000. Y.D. More Investments Ltd acquired a new stake in shares of iShares Core Dividend Growth ETF during the fourth quarter worth $33,000. Rialto Wealth Management LLC purchased a new position in shares of iShares Core Dividend Growth ETF during the 4th quarter worth approximately $33,000. Synergy Investment Management LLC purchased a new position in iShares Core Dividend Growth ETF in the fourth quarter valued at about $37,000. Finally, Tompkins Financial Corp purchased a new stake in shares of iShares Core Dividend Growth ETF in the fourth quarter valued at about $41,000.
iShares Core Dividend Growth ETF Stock Performance
Shares of DGRO opened at $56.43 on Friday. iShares Core Dividend Growth ETF has a 1 year low of $55.08 and a 1 year high of $65.08. The company’s 50 day simple moving average is $62.69 and its 200 day simple moving average is $62.76. The company has a market capitalization of $27.77 billion, a price-to-earnings ratio of 20.41 and a beta of 0.86.
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.
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