Grimes & Company Inc. Lowers Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Grimes & Company Inc. decreased its position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 30.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,563 shares of the company’s stock after selling 1,996 shares during the period. Grimes & Company Inc.’s holdings in iShares Core Dividend Growth ETF were worth $265,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vima LLC acquired a new position in iShares Core Dividend Growth ETF during the fourth quarter worth about $25,000. Raleigh Capital Management Inc. acquired a new position in iShares Core Dividend Growth ETF during the third quarter worth about $26,000. Voisard Asset Management Group Inc. acquired a new position in iShares Core Dividend Growth ETF during the fourth quarter worth about $27,000. Private Wealth Management Group LLC acquired a new position in iShares Core Dividend Growth ETF during the fourth quarter worth about $36,000. Finally, Parkside Financial Bank & Trust acquired a new position in iShares Core Dividend Growth ETF during the fourth quarter worth about $45,000.

iShares Core Dividend Growth ETF Price Performance

DGRO traded up $0.03 during midday trading on Friday, reaching $57.61. 1,260,142 shares of the company’s stock were exchanged, compared to its average volume of 1,484,774. The stock has a market capitalization of $27.28 billion, a PE ratio of 19.25 and a beta of 0.71. iShares Core Dividend Growth ETF has a 1-year low of $47.19 and a 1-year high of $58.61. The business’s 50-day moving average price is $57.35 and its 200 day moving average price is $56.06.

iShares Core Dividend Growth ETF 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.