Johnson & White Wealth Management LLC Has $4.85 Million Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Johnson & White Wealth Management LLC grew its holdings in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 8.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,178 shares of the company’s stock after buying an additional 6,558 shares during the period. iShares Core Dividend Growth ETF accounts for approximately 4.6% of Johnson & White Wealth Management LLC’s holdings, making the stock its 6th biggest position. Johnson & White Wealth Management LLC’s holdings in iShares Core Dividend Growth ETF were worth $4,850,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DGRO. Vima LLC bought a new stake in iShares Core Dividend Growth ETF in the 4th quarter worth about $25,000. LifeSteps Financial Inc. bought a new stake in shares of iShares Core Dividend Growth ETF in the first quarter worth approximately $27,000. Voisard Asset Management Group Inc. purchased a new position in shares of iShares Core Dividend Growth ETF during the fourth quarter valued at approximately $27,000. Horrell Capital Management Inc. bought a new position in iShares Core Dividend Growth ETF during the first quarter valued at approximately $29,000. Finally, Tsfg LLC lifted its position in iShares Core Dividend Growth ETF by 104.1% during the second quarter. Tsfg LLC now owns 496 shares of the company’s stock valued at $29,000 after purchasing an additional 253 shares during the period.

iShares Core Dividend Growth ETF Stock Up 0.4 %

DGRO traded up $0.27 during mid-day trading on Monday, reaching $60.84. 430,697 shares of the company traded hands, compared to its average volume of 1,424,438. The company’s fifty day moving average price is $58.60 and its 200-day moving average price is $57.35. The stock has a market capitalization of $28.80 billion, a P/E ratio of 19.25 and a beta of 0.71. iShares Core Dividend Growth ETF has a 52-week low of $47.19 and a 52-week high of $60.86.

iShares Core Dividend Growth ETF Company 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.