LPL Financial LLC Purchases 595,710 Shares of iShares Core Dividend Growth ETF $DGRO

LPL Financial LLC grew its position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 3.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,763,346 shares of the company’s stock after acquiring an additional 595,710 shares during the quarter. LPL Financial LLC’s holdings in iShares Core Dividend Growth ETF were worth $1,302,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of iShares Core Dividend Growth ETF by 1.1% during the 3rd quarter. Bank of America Corp DE now owns 18,662,292 shares of the company’s stock valued at $1,270,529,000 after buying an additional 195,211 shares during the period. Wealthfront Advisers LLC lifted its holdings in shares of iShares Core Dividend Growth ETF by 4.7% during the 4th quarter. Wealthfront Advisers LLC now owns 13,931,233 shares of the company’s stock valued at $967,106,000 after buying an additional 628,342 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of iShares Core Dividend Growth ETF by 4.6% during the 3rd quarter. Raymond James Financial Inc. now owns 10,467,035 shares of the company’s stock valued at $712,596,000 after buying an additional 457,568 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of iShares Core Dividend Growth ETF by 2.7% during the 4th quarter. Capital Investment Advisors LLC now owns 8,339,921 shares of the company’s stock valued at $578,957,000 after buying an additional 215,540 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings 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 valued at $504,803,000 after buying an additional 1,080,418 shares during the period.

iShares Core Dividend Growth ETF Price Performance

NYSEARCA DGRO opened at $75.17 on Monday. iShares Core Dividend Growth ETF has a 1-year low of $62.05 and a 1-year high of $75.84. The business’s fifty day moving average price is $72.89 and its 200-day moving average price is $71.66. The stock has a market capitalization of $40.45 billion, a price-to-earnings ratio of 19.66 and a beta of 0.77.

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.