723,648 Shares in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Acquired by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC purchased a new position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 723,648 shares of the company’s stock, valued at approximately $44,389,000. iShares Core Dividend Growth ETF comprises about 4.9% of Stonebridge Financial Group LLC’s portfolio, making the stock its biggest position. Stonebridge Financial Group LLC owned approximately 0.15% of iShares Core Dividend Growth ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new position in iShares Core Dividend Growth ETF in the third quarter valued at approximately $28,000. Ulland Investment Advisors LLC purchased a new position in shares of iShares Core Dividend Growth ETF in the 4th quarter valued at $27,000. Y.D. More Investments Ltd purchased a new position in shares of iShares Core Dividend Growth ETF in the 4th quarter valued at $33,000. Tompkins Financial Corp acquired a new stake in iShares Core Dividend Growth ETF during the 4th quarter worth $41,000. Finally, SWAN Capital LLC purchased a new stake in iShares Core Dividend Growth ETF in the third quarter valued at $50,000.

iShares Core Dividend Growth ETF Stock Performance

Shares of DGRO stock opened at $63.55 on Tuesday. The stock’s 50-day moving average is $62.56 and its two-hundred day moving average is $62.24. iShares Core Dividend Growth ETF has a 1 year low of $54.31 and a 1 year high of $65.08. The firm has a market cap of $30.09 billion, a price-to-earnings 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.