Rooted Wealth Advisors Inc. Cuts Stock Position in iShares Core Dividend Growth ETF $DGRO

Rooted Wealth Advisors Inc. lessened its position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 9.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 237,885 shares of the company’s stock after selling 24,740 shares during the period. iShares Core Dividend Growth ETF makes up about 4.4% of Rooted Wealth Advisors Inc.’s holdings, making the stock its 5th largest position. Rooted Wealth Advisors Inc.’s holdings in iShares Core Dividend Growth ETF were worth $17,399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Auto Owners Insurance Co raised its position in iShares Core Dividend Growth ETF by 9,203.2% in the 4th quarter. Auto Owners Insurance Co now owns 47,865,090 shares of the company’s stock valued at $332,280,000 after buying an additional 47,350,590 shares during the last quarter. Morgan Stanley grew its position in shares of iShares Core Dividend Growth ETF by 1.7% during the 4th quarter. Morgan Stanley now owns 19,366,070 shares of the company’s stock valued at $1,344,393,000 after acquiring an additional 331,748 shares during the period. LPL Financial LLC increased its position in iShares Core Dividend Growth ETF by 3.3% in the fourth quarter. LPL Financial LLC now owns 18,763,346 shares of the company’s stock worth $1,302,551,000 after buying an additional 595,710 shares during the last quarter. Bank of America Corp DE increased its holdings in iShares Core Dividend Growth ETF by 1.1% in the 3rd quarter. Bank of America Corp DE now owns 18,662,292 shares of the company’s stock worth $1,270,529,000 after acquiring an additional 195,211 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its position in shares of iShares Core Dividend Growth ETF by 4.7% in the fourth quarter. Wealthfront Advisers LLC now owns 13,931,233 shares of the company’s stock valued at $967,106,000 after purchasing an additional 628,342 shares during the period.

iShares Core Dividend Growth ETF Stock Performance

NYSEARCA:DGRO opened at $75.80 on Friday. iShares Core Dividend Growth ETF has a 52-week low of $63.36 and a 52-week high of $76.24. The firm has a market cap of $40.79 billion, a price-to-earnings ratio of 19.66 and a beta of 0.77. The business’s fifty day moving average is $74.22 and its 200 day moving average is $72.31.

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.