Alterna Wealth Management Inc. Purchases 2,310 Shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Alterna Wealth Management Inc. lifted its position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 54.5% during the fourth quarter, Holdings Channel reports. The firm owned 6,549 shares of the company’s stock after acquiring an additional 2,310 shares during the period. Alterna Wealth Management Inc.’s holdings in iShares Core Dividend Growth ETF were worth $352,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. bought a new stake in iShares Core Dividend Growth ETF during the third quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of iShares Core Dividend Growth ETF during the 3rd quarter valued at $27,000. Phillips Financial Management LLC bought a new stake in shares of iShares Core Dividend Growth ETF during the 3rd quarter worth $37,000. Parkside Financial Bank & Trust purchased a new position in shares of iShares Core Dividend Growth ETF in the 4th quarter worth about $45,000. Finally, Versant Capital Management Inc bought a new position in iShares Core Dividend Growth ETF during the fourth quarter valued at about $46,000.

iShares Core Dividend Growth ETF Stock Up 0.8 %

NYSEARCA DGRO traded up $0.46 during trading hours on Friday, reaching $56.49. 1,396,329 shares of the company were exchanged, compared to its average volume of 1,597,369. The stock has a market capitalization of $26.75 billion, a P/E ratio of 19.25 and a beta of 0.71. iShares Core Dividend Growth ETF has a 1 year low of $47.19 and a 1 year high of $58.19. The business’s 50 day simple moving average is $56.68 and its 200-day simple moving average is $54.02.

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.