Envestnet Asset Management Inc. Sells 2,975,979 Shares of iShares Core Dividend Growth ETF $DGRO

Envestnet Asset Management Inc. reduced its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 22.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,559,997 shares of the company’s stock after selling 2,975,979 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares Core Dividend Growth ETF were worth $718,925,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE raised its holdings in iShares Core Dividend Growth ETF by 2.3% in the 2nd quarter. Bank of America Corp DE now owns 18,467,081 shares of the company’s stock valued at $1,180,785,000 after acquiring an additional 413,365 shares during the period. Jones Financial Companies Lllp grew its position in shares of iShares Core Dividend Growth ETF by 16.4% in the third quarter. Jones Financial Companies Lllp now owns 8,606,166 shares of the company’s stock valued at $583,076,000 after purchasing an additional 1,211,980 shares during the last quarter. Capital Investment Advisors LLC increased its stake in shares of iShares Core Dividend Growth ETF by 2.0% during the third quarter. Capital Investment Advisors LLC now owns 8,124,381 shares of the company’s stock worth $553,108,000 after purchasing an additional 163,167 shares during the period. Ameriprise Financial Inc. lifted its holdings in 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. Finally, MML Investors Services LLC boosted its stake in 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 valued at $289,967,000 after purchasing an additional 934,207 shares during the period.

iShares Core Dividend Growth ETF Price Performance

Shares of NYSEARCA DGRO opened at $72.51 on Wednesday. iShares Core Dividend Growth ETF has a one year low of $54.09 and a one year high of $72.87. The firm has a market cap of $37.84 billion, a price-to-earnings ratio of 19.66 and a beta of 0.84. The stock’s fifty day moving average price is $70.40 and its two-hundred day moving average price is $68.32.

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.