Cornerstone Wealth Management LLC Raises Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Cornerstone Wealth Management LLC boosted its holdings in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 168,096 shares of the company’s stock after buying an additional 7,430 shares during the period. iShares Core Dividend Growth ETF makes up about 0.8% of Cornerstone Wealth Management LLC’s holdings, making the stock its 23rd largest holding. Cornerstone Wealth Management LLC’s holdings in iShares Core Dividend Growth ETF were worth $9,760,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DGRO. Fisher Asset Management LLC lifted its holdings in shares of iShares Core Dividend Growth ETF by 3.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,166 shares of the company’s stock worth $278,000 after acquiring an additional 179 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in iShares Core Dividend Growth ETF by 3.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 5,166 shares of the company’s stock worth $278,000 after purchasing an additional 184 shares during the last quarter. Warner Financial Inc. boosted its holdings in shares of iShares Core Dividend Growth ETF by 1.5% in the 4th quarter. Warner Financial Inc. now owns 13,216 shares of the company’s stock worth $711,000 after purchasing an additional 194 shares in the last quarter. Ayrshire Capital Management LLC boosted its holdings in shares of iShares Core Dividend Growth ETF by 2.1% in the 4th quarter. Ayrshire Capital Management LLC now owns 9,837 shares of the company’s stock worth $529,000 after purchasing an additional 199 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its position in shares of iShares Core Dividend Growth ETF by 0.5% during the 1st quarter. Harbor Investment Advisory LLC now owns 44,589 shares of the company’s stock valued at $2,589,000 after purchasing an additional 231 shares during the last quarter.

iShares Core Dividend Growth ETF Stock Performance

NYSEARCA:DGRO traded up $0.02 during mid-day trading on Thursday, reaching $57.70. The stock had a trading volume of 529,003 shares, compared to its average volume of 1,475,021. The stock has a market capitalization of $27.32 billion, a P/E ratio of 19.25 and a beta of 0.71. The firm has a 50 day moving average price of $57.42 and a two-hundred day moving average price of $56.17. iShares Core Dividend Growth ETF has a one year low of $47.19 and a one year high of $58.61.

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.