M Holdings Securities Inc. Makes New Investment in iShares Core Dividend Growth ETF $DGRO

M Holdings Securities Inc. purchased a new position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 8,787 shares of the company’s stock, valued at approximately $704,000.

Several other institutional investors have also modified their holdings of DGRO. Concurrent Investment Advisors LLC lifted its holdings in iShares Core Dividend Growth ETF by 84.2% in the second quarter. Concurrent Investment Advisors LLC now owns 197,951 shares of the company’s stock valued at $15,003,000 after acquiring an additional 90,503 shares during the last quarter. Envestnet Asset Management Inc. grew its position in iShares Core Dividend Growth ETF by 4.4% in the second quarter. Envestnet Asset Management Inc. now owns 11,099,887 shares of the company’s stock worth $841,260,000 after acquiring an additional 472,809 shares during the period. Ferguson Wellman Capital Management Inc. purchased a new position in iShares Core Dividend Growth ETF in the third quarter worth approximately $1,249,000. Citizens Financial Group Inc. RI acquired a new stake in iShares Core Dividend Growth ETF during the third quarter worth $1,125,000. Finally, Eastern Bank acquired a new stake in iShares Core Dividend Growth ETF during the third quarter worth $972,000.

iShares Core Dividend Growth ETF Stock Up 0.3%

NYSEARCA:DGRO opened at $81.55 on Wednesday. iShares Core Dividend Growth ETF has a 52 week low of $67.14 and a 52 week high of $82.90. The company has a market capitalization of $45.64 billion, a P/E ratio of 22.08 and a beta of 0.76. The stock’s fifty day moving average is $78.37 and its two-hundred day moving average is $75.50.

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.