Mattern Capital Management LLC Lowers Stock Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Mattern Capital Management LLC trimmed its holdings in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 34.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,744 shares of the company’s stock after selling 2,503 shares during the period. Mattern Capital Management LLC’s holdings in iShares Core Dividend Growth ETF were worth $275,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DGRO. Raymond James & Associates boosted its holdings in iShares Core Dividend Growth ETF by 39.8% during the fourth quarter. Raymond James & Associates now owns 2,514,004 shares of the company’s stock worth $135,304,000 after buying an additional 715,487 shares in the last quarter. CVA Family Office LLC purchased a new stake in shares of iShares Core Dividend Growth ETF during the 4th quarter worth approximately $529,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of iShares Core Dividend Growth ETF in the 4th quarter worth approximately $851,000. Aprio Wealth Management LLC increased its stake in iShares Core Dividend Growth ETF by 22.3% in the 4th quarter. Aprio Wealth Management LLC now owns 99,228 shares of the company’s stock valued at $5,340,000 after purchasing an additional 18,082 shares in the last quarter. Finally, Powers Advisory Group LLC increased its stake in iShares Core Dividend Growth ETF by 6.8% in the 4th quarter. Powers Advisory Group LLC now owns 176,934 shares of the company’s stock valued at $9,523,000 after purchasing an additional 11,221 shares in the last quarter.

iShares Core Dividend Growth ETF Stock Performance

NYSEARCA DGRO traded up $0.25 during trading hours on Thursday, reaching $59.23. The company’s stock had a trading volume of 1,101,686 shares, compared to its average volume of 1,464,284. The company’s 50-day moving average is $58.03 and its two-hundred day moving average is $56.73. iShares Core Dividend Growth ETF has a fifty-two week low of $47.19 and a fifty-two week high of $60.56. The stock has a market cap of $28.04 billion, a PE ratio of 19.25 and a beta of 0.71.

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.