357,745 Shares in iShares Core Dividend Growth ETF $DGRO Acquired by Summit Investment Advisory Services LLC

Summit Investment Advisory Services LLC bought a new stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 357,745 shares of the company’s stock, valued at approximately $22,874,000. iShares Core Dividend Growth ETF comprises approximately 9.9% of Summit Investment Advisory Services LLC’s portfolio, making the stock its 5th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of iShares Core Dividend Growth ETF by 42.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,535,976 shares of the company’s stock valued at $865,424,000 after purchasing an additional 4,028,341 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of iShares Core Dividend Growth ETF by 15.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,904,167 shares of the company’s stock worth $504,803,000 after purchasing an additional 1,080,418 shares during the last quarter. MML Investors Services LLC grew its stake in shares of iShares Core Dividend Growth ETF by 25.9% during the second quarter. MML Investors Services LLC now owns 4,534,983 shares of the company’s stock worth $289,967,000 after purchasing an additional 934,207 shares in the last quarter. Hughes Financial Services LLC grew its stake in shares of iShares Core Dividend Growth ETF by 86,423.7% during the second quarter. Hughes Financial Services LLC now owns 591,822 shares of the company’s stock worth $38,356,000 after purchasing an additional 591,138 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its holdings in iShares Core Dividend Growth ETF by 83.1% in the second quarter. Vestmark Advisory Solutions Inc. now owns 985,564 shares of the company’s stock valued at $63,017,000 after buying an additional 447,210 shares during the last quarter.

iShares Core Dividend Growth ETF Price Performance

iShares Core Dividend Growth ETF stock opened at $71.57 on Wednesday. The stock has a market cap of $37.25 billion, a PE ratio of 19.66 and a beta of 0.84. The stock’s fifty day moving average is $70.01 and its two-hundred day moving average is $68.06. iShares Core Dividend Growth ETF has a 1-year low of $54.09 and a 1-year high of $71.66.

iShares Core Dividend Growth ETF 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.