Stephens Inc. AR Has $10.84 Million Position in iShares Core Dividend Growth ETF $DGRO

Stephens Inc. AR boosted its stake in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 9.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 156,157 shares of the company’s stock after buying an additional 13,648 shares during the quarter. Stephens Inc. AR’s holdings in iShares Core Dividend Growth ETF were worth $10,840,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DGRO. Jones Financial Companies Lllp lifted its holdings in iShares Core Dividend Growth ETF by 16.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 8,606,166 shares of the company’s stock worth $583,076,000 after buying an additional 1,211,980 shares during the period. Ameriprise Financial Inc. raised its position in shares of iShares Core Dividend Growth ETF by 15.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,904,167 shares of the company’s stock worth $504,803,000 after acquiring an additional 1,080,418 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of iShares Core Dividend Growth ETF in the 3rd quarter worth about $65,915,000. MML Investors Services LLC raised its position in shares of iShares Core Dividend Growth ETF by 25.9% in the 2nd quarter. MML Investors Services LLC now owns 4,534,983 shares of the company’s stock worth $289,967,000 after acquiring an additional 934,207 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of iShares Core Dividend Growth ETF by 15.7% in the 3rd quarter. HighTower Advisors LLC now owns 4,961,939 shares of the company’s stock worth $337,810,000 after acquiring an additional 673,706 shares in the last quarter.

iShares Core Dividend Growth ETF Trading Down 0.6%

DGRO stock opened at $73.36 on Friday. The stock has a 50-day moving average price of $71.67 and a 200-day moving average price of $70.97. iShares Core Dividend Growth ETF has a 1-year low of $60.73 and a 1-year high of $74.28. The firm has a market cap of $39.48 billion, a PE ratio of 19.66 and a beta of 0.77.

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.