Pinnacle Associates Ltd. Increases Stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Pinnacle Associates Ltd. raised its stake in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,484 shares of the company’s stock after buying an additional 1,455 shares during the quarter. Pinnacle Associates Ltd.’s holdings in iShares Core Dividend Growth ETF were worth $4,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its position in shares of iShares Core Dividend Growth ETF by 319.5% during the 1st quarter. Cetera Investment Advisers now owns 1,922,423 shares of the company’s stock valued at $111,616,000 after acquiring an additional 1,464,167 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of iShares Core Dividend Growth ETF by 11.0% during the 4th quarter. Wells Fargo & Company MN now owns 5,252,724 shares of the company’s stock valued at $282,702,000 after acquiring an additional 518,671 shares during the last quarter. Sweeney & Michel LLC bought a new position in shares of iShares Core Dividend Growth ETF during the 1st quarter valued at approximately $20,180,000. Oppenheimer & Co. Inc. boosted its position in shares of iShares Core Dividend Growth ETF by 187.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 438,752 shares of the company’s stock valued at $23,614,000 after acquiring an additional 286,061 shares during the last quarter. Finally, JGP Wealth Management LLC bought a new position in shares of iShares Core Dividend Growth ETF during the 2nd quarter valued at approximately $15,325,000.

iShares Core Dividend Growth ETF Stock Performance

NYSEARCA DGRO traded up $0.48 on Friday, hitting $62.14. 686,458 shares of the stock were exchanged, compared to its average volume of 1,414,857. The stock has a fifty day moving average price of $59.35 and a two-hundred day moving average price of $57.76. The firm has a market capitalization of $29.42 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 $62.19.

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.