NewEdge Wealth LLC Decreases Stock Position in iShares Core Dividend Growth ETF $DGRO

NewEdge Wealth LLC decreased its stake in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 12.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,805 shares of the company’s stock after selling 11,183 shares during the quarter. NewEdge Wealth LLC’s holdings in iShares Core Dividend Growth ETF were worth $5,404,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of America Corp DE increased its stake in shares of iShares Core Dividend Growth ETF by 2.3% during the second quarter. Bank of America Corp DE now owns 18,467,081 shares of the company’s stock worth $1,180,785,000 after buying an additional 413,365 shares during the period. Envestnet Asset Management Inc. grew its holdings in iShares Core Dividend Growth ETF by 42.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,535,976 shares of the company’s stock worth $865,424,000 after acquiring an additional 4,028,341 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of iShares Core Dividend Growth ETF by 16.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,606,166 shares of the company’s stock valued at $583,076,000 after purchasing an additional 1,211,980 shares during the last quarter. Capital Investment Advisors LLC increased its position in shares of iShares Core Dividend Growth ETF by 2.0% in the 3rd quarter. Capital Investment Advisors LLC now owns 8,124,381 shares of the company’s stock valued at $553,108,000 after purchasing an additional 163,167 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in iShares Core Dividend Growth ETF by 15.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,904,167 shares of the company’s stock worth $504,803,000 after buying an additional 1,080,418 shares during the last quarter.

iShares Core Dividend Growth ETF Trading Down 0.2%

DGRO stock opened at $73.61 on Friday. The stock has a market cap of $38.43 billion, a P/E ratio of 19.66 and a beta of 0.84. iShares Core Dividend Growth ETF has a twelve month low of $54.09 and a twelve month high of $74.28. The company’s 50 day moving average is $71.34 and its two-hundred day moving average is $68.97.

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.