Keudell Morrison Wealth Management Invests $1.80 Million in iShares Core Dividend Growth ETF $DGRO

Keudell Morrison Wealth Management acquired a new position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 25,924 shares of the company’s stock, valued at approximately $1,800,000.

Several other large investors have also recently added to or reduced their stakes in DGRO. Jones Financial Companies Lllp increased its position in iShares Core Dividend Growth ETF by 16.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 8,606,166 shares of the company’s stock worth $583,076,000 after buying an additional 1,211,980 shares during the period. Ameriprise Financial Inc. increased its position 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 buying an additional 1,080,418 shares during the period. Wellington Management Group LLP bought a new position in iShares Core Dividend Growth ETF during the 3rd quarter worth $65,915,000. MML Investors Services LLC increased its position in iShares Core Dividend Growth ETF by 25.9% during the 2nd quarter. MML Investors Services LLC now owns 4,534,983 shares of the company’s stock worth $289,967,000 after buying an additional 934,207 shares during the period. Finally, HighTower Advisors LLC increased its position in iShares Core Dividend Growth ETF by 15.7% during the 3rd quarter. HighTower Advisors LLC now owns 4,961,939 shares of the company’s stock worth $337,810,000 after buying an additional 673,706 shares during the period.

iShares Core Dividend Growth ETF Price Performance

DGRO stock opened at $74.15 on Friday. The stock has a market capitalization of $39.90 billion, a price-to-earnings ratio of 19.66 and a beta of 0.77. The business’s fifty day moving average price is $71.83 and its two-hundred day moving average price is $71.13. iShares Core Dividend Growth ETF has a fifty-two week low of $60.73 and a fifty-two week high of $74.28.

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.