Raymond James Financial Inc. Makes New Investment in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Raymond James Financial Inc. bought a new position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,055,816 shares of the company’s stock, valued at approximately $616,824,000. Raymond James Financial Inc. owned about 2.12% of iShares Core Dividend Growth ETF as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DGRO. First Business Financial Services Inc. boosted its holdings in shares of iShares Core Dividend Growth ETF by 0.7% in the 4th quarter. First Business Financial Services Inc. now owns 904,501 shares of the company’s stock worth $55,482,000 after purchasing an additional 6,006 shares in the last quarter. Dana Investment Advisors Inc. boosted its holdings in shares of iShares Core Dividend Growth ETF by 22.1% in the 4th quarter. Dana Investment Advisors Inc. now owns 8,756 shares of the company’s stock worth $537,000 after purchasing an additional 1,587 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of iShares Core Dividend Growth ETF by 74.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 23,092 shares of the company’s stock worth $1,416,000 after purchasing an additional 9,821 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of iShares Core Dividend Growth ETF by 2.5% in the 4th quarter. Verdence Capital Advisors LLC now owns 40,674 shares of the company’s stock worth $2,495,000 after purchasing an additional 995 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of iShares Core Dividend Growth ETF in the 4th quarter worth about $2,295,000.

iShares Core Dividend Growth ETF Trading Up 0.7 %

DGRO opened at $63.04 on Thursday. The stock has a 50-day moving average price of $62.84 and a 200-day moving average price of $62.74. iShares Core Dividend Growth ETF has a 12-month low of $55.08 and a 12-month high of $65.08. The stock has a market capitalization of $30.89 billion, a P/E ratio of 22.22 and a beta of 0.89.

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.