Ipsen Advisor Group LLC Invests $924,000 in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Ipsen Advisor Group LLC purchased a new position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,057 shares of the company’s stock, valued at approximately $924,000.

A number of other large investors also recently bought and sold shares of DGRO. Raymond James Financial Inc. purchased a new stake in iShares Core Dividend Growth ETF in the fourth quarter worth $616,824,000. LPL Financial LLC grew its holdings in shares of iShares Core Dividend Growth ETF by 10.4% in the fourth quarter. LPL Financial LLC now owns 14,756,281 shares of the company’s stock worth $905,150,000 after purchasing an additional 1,392,383 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in iShares Core Dividend Growth ETF by 5,922.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,334,049 shares of the company’s stock worth $81,831,000 after buying an additional 1,311,899 shares during the period. Jones Financial Companies Lllp lifted its holdings in iShares Core Dividend Growth ETF by 36.6% during the 4th quarter. Jones Financial Companies Lllp now owns 4,224,958 shares of the company’s stock valued at $259,159,000 after buying an additional 1,132,527 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in iShares Core Dividend Growth ETF in the 4th quarter valued at about $44,389,000.

iShares Core Dividend Growth ETF Stock Performance

Shares of NYSEARCA:DGRO opened at $61.92 on Wednesday. The firm has a market cap of $30.35 billion, a PE ratio of 21.26 and a beta of 0.89. The firm’s 50 day simple moving average is $63.00 and its 200-day simple moving average is $62.81. iShares Core Dividend Growth ETF has a one year low of $55.08 and a one year high of $65.08.

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.