Resonant Capital Advisors LLC Makes New $943,000 Investment in iShares Core Dividend Growth ETF $DGRO

Resonant Capital Advisors LLC bought a new position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) in the third quarter, HoldingsChannel.com reports. The firm bought 13,858 shares of the company’s stock, valued at approximately $943,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DGRO. Envestnet Asset Management Inc. raised its position in 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 buying an additional 4,028,341 shares during the last quarter. Ameriprise Financial Inc. grew its stake 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 acquiring an additional 1,080,418 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of iShares Core Dividend Growth ETF by 25.9% in the second 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 last quarter. Hughes Financial Services LLC lifted its position in shares of iShares Core Dividend Growth ETF by 86,423.7% in 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. boosted its holdings in iShares Core Dividend Growth ETF by 83.1% during the second quarter. Vestmark Advisory Solutions Inc. now owns 985,564 shares of the company’s stock worth $63,017,000 after purchasing an additional 447,210 shares during the last quarter.

iShares Core Dividend Growth ETF Price Performance

Shares of NYSEARCA:DGRO opened at $71.52 on Monday. The company’s 50-day moving average price is $69.60 and its two-hundred day moving average price is $67.75. iShares Core Dividend Growth ETF has a one year low of $54.09 and a one year high of $71.66. The stock has a market capitalization of $37.20 billion, a PE ratio of 19.66 and a beta of 0.84.

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.